Shizaru

Waddah Attar Explosion by Shizaru

391 0 40
The original script was posted on ProRealCode by user Nicolas.

The Waddah Attar explosion indicator is a well known indi             in the forex community all over the web. It measures the price volatility "explosion" with the help of a difference between upper and lower bollinger bands (also known as "squeeze") and its direction and with a slow MACD advance or decline weighted with a coefficient (sensitivity=150).

A "deadzone" of x pips/points is at 20 points by default, but should be adjusted to the traded instrument.

If green or red oscillator histogram breach the "Explosion Line" above the dead zone, it's a signal.

This indicator act pretty much as a scalper in lower timeframe, but I found it useful with different timeframe comparison in higher ones in the past (M30/H1/H4).

Credits to http://www.prorealcode.com/prorealtime-indicators/waddah-attar-explosion/
Remove from Favorite Scripts Add to Favorite Scripts
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out