UberTradingSystems

Uber WAE - Waddah Attar Explosion [UTS]

The Waddah Attar explosion indicator is a well known indicator in the forex community all over the web. It builds on MACD together with Bollinger Bands and measures the current direction and strength in market.
This indicator can act as a scalper on lower timeframes e.g. 30M - 4H but also does a pretty decent job as volatility filter to determine strong trending movements on higher timeframes like 1D.
Example code can be found at https://www.prorealcode.com/prorealtime-indicators/waddah-attar-explosion/.


General Usage

The colored histogram visualizes the strength of the trend (green = bullish , red = bearish ).
A buy/sell signal is triggered when the (green/red) histogram bars rise above the explosion line.
An exit signal is triggered if the bar falls below the explosion line.


Alerts

Traders can easily use the reversal signal to trigger alerts from:
  • Enter Long
  • Enter Short
  • Exit Long
  • Exit Short
  • Maintain Long
  • Maintain Short
Those values are > zero if a condition is triggered.
Alert condition example: "Enter Long" - "Greater Than" - "0"


Moving Averages

16 different Moving Averages are available for calculation of both MACD and BB components:
A freely determinable length allows for sensitivity adjustments that fits your own requirements.

Visit http://ubertradingsystems.com or send a direct message for information about indicator access.

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Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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