Waddah Attar Explosion MT5
- Indicators
-
Do Thi Phuong Anh
Hi, I'm PA, 27 years old. I have 3 years of experience in forex trading and freelance work on various related projects, especially programming... I look forward to your assistance in the future and hope you have a good experience here. - Version: 6.0
- Activations: 5
Waddah Attar Explosion Pro MT5
Waddah Attar Explosion Pro MT5 is a momentum and volatility indicator for MetaTrader 5. It combines a MACD based momentum histogram with Bollinger Bands volatility and a Dead Zone filter, so you can read trend strength and volatility expansion at a glance. It is a modern, redesigned version of the classic Waddah Attar Explosion, rebuilt for clarity and daily trading on any symbol and any timeframe.
How it works
The colored histogram measures momentum, both direction and strength, using a MACD based calculation with an adjustable Sensitivity. The Explosion line measures volatility expansion from the width of the Bollinger Bands. The Dead Zone line marks a minimum threshold that filters out quiet, low volatility conditions. When a histogram bar rises above the Explosion line, momentum is strong enough to be called an explosion. When the bars stay small and below the line, the market is quiet.
The gradient histogram
- Bright green: strong bullish momentum, the bar is above the Explosion line.
- Dark green: bullish momentum building, below the line.
- Bright red: strong bearish momentum.
- Dark red: bearish momentum building.
Main features
- Momentum and volatility combined in a single sub-window.
- Four color gradient histogram for instant reading of direction and strength.
- Explosion line and Dead Zone filter to separate real moves from noise.
- Adjustable MACD, Bollinger Bands, Sensitivity and Dead Zone settings.
- Optional Explosion alert confirmed on the close of the bar, so it does not repaint.
- Alerts by pop-up, push notification to mobile, email and sound.
- Works on all instruments (forex, gold, indices, commodities, stocks, crypto) and all timeframes from M1 to MN.
- Light and clean, suitable for scalping, day trading and swing trading.
How to use
Bullish reading: bright green bars breaking above the Explosion line show strong buying momentum; look for long setups in agreement with your own trend method.
Bearish reading: bright red bars breaking above the Explosion line show strong selling momentum; look for short setups.
Stay aside when bars are small and near or below the Dead Zone line, because volatility is low and many moves fail.
When bars shrink back below the Explosion line, momentum is weakening, which can be used to manage or close a position.
For best results, combine it with your own trend direction, support and resistance, and strict risk management.
Inputs
Sensitivity; MACD Fast EMA, Slow EMA, Signal; Bollinger Period and Deviation; Dead Zone (points); Explosion Alert and alert channels (pop-up, push, email, sound).
Notes
This is an indicator, not an automated trading system. It does not open or close orders. No indicator can predict the market. Use sound money management and test the settings on your own account and timeframe first.
