Waddah Attar Explosion Indicator for MT5
- Indicatori
- Mohammad Taher Halimi Tabrizi
- Versione: 1.0
- Attivazioni: 5
Waddah Attar Explosion is a momentum and volatility–based indicator designed to highlight periods of strong market movement while filtering out low-activity conditions.
The indicator combines:
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MACD-based momentum acceleration
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Volatility expansion using standard deviation
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A dynamic dead-zone filter based on market range
Signals are generated only when trend strength, volatility expansion, and market activity align, helping traders focus on higher-quality market conditions.
The indicator runs in a separate window and uses indicator buffers only, ensuring high performance and full compatibility with Expert Advisors.
Core Logic Explained
Trend Momentum
Trend strength is calculated using the difference between a fast and slow exponential moving average (MACD logic).
The change in MACD value is amplified by a Sensitivity parameter to measure momentum acceleration.
Momentum is displayed as a color-coded histogram:
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Bullish momentum increasing
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Bullish momentum weakening
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Bearish momentum increasing
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Bearish momentum weakening
This allows visual assessment of both direction and strength.
Explosion (Volatility Expansion)
Volatility is measured using standard deviation over a configurable channel length, similar to a Bollinger-style volatility model.
The Explosion line rises when volatility expands, indicating increased market activity.
Dead Zone Filter
To avoid low-energy or sideways markets, a Dead Zone is calculated using a smoothed average of the true range.
When volatility remains below this level, signals are filtered out.
Buy & Sell Signals
Buy and sell arrows are generated only when all conditions are met:
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Momentum direction is clear
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Trend strength exceeds volatility
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Volatility is expanding
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Market activity is above the Dead Zone
This multi-condition logic helps reduce false signals during consolidation.
Visual Elements
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Color-coded momentum histogram
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Explosion (volatility) line
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Dead Zone filter line
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Buy and Sell arrow signals
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Separate indicator window for clarity
All visuals are drawn using indicator buffers only.
Alerts & Notifications
The indicator includes optional real-time alerts:
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Popup alerts on buy and sell signals
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Optional push notifications to mobile devices
Alerts are triggered only on confirmed signals.
Built-in Signal Tester
An optional on-chart signal tester is included for analytical purposes:
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Simulates historical buy and sell signals
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Uses user-defined take-profit and stop-loss points
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Displays total trades, winning trades, and win rate directly on the chart
This feature is intended for signal evaluation only and does not represent real trading performance.
Customization Options
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Momentum sensitivity
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Fast and slow EMA lengths
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Volatility channel length and multiplier
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Light or dark chart theme
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Alert and notification settings
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Tester parameters (TP, SL, start date)
Compatibility
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Works on all symbols supported by MetaTrader 5
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Compatible with all timeframes
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EA-friendly (buffer-based output only)
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No repainting of alerts after signal formation
Disclaimer
This indicator is provided for educational and analytical purposes only.
It does not provide investment advice and does not guarantee trading results.
