Waddah Attar Explosion Auto Adaptive

This is an optimized version of the Waddah Attar Explosion (WAE) indicator, designed to adapt to different asset classes.

Standard WAE indicators often use a fixed "DeadZone" calculation (usually set to 20). This fixed value may not be suitable for high-volatility assets like Bitcoin, Gold, or Indices (US30), potentially leading to incorrect filtering.

This Auto-Adaptive version addresses that calculation issue.

The indicator implements a dynamic formula based on ATR and SMMA to automatically calculate the DeadZone level according to the symbol's volatility and point value.

Key Features:

• Auto-Adaptive DeadZone: The blue dotted line adjusts automatically to current market volatility.

• Multi-Asset Compatibility: Designed to function on Forex, Crypto, and Indices without manual code adjustments.

• Trend Analysis: Visual Histogram (Green for Bullish, Red for Bearish).

• Signal Filtering: The interaction between the Histogram and the Explosion Line helps filter low-volatility periods.

• No Repaint: The indicator values do not change after the candle close.

How to read the signals:

1. Uptrend: Green Histogram is greater than the Explosion Line AND greater than the DeadZone (Blue Dots).

2. Downtrend: Red Histogram is greater than the Explosion Line AND greater than the DeadZone (Blue Dots).

3. Exit/Neutral: Histogram falls below the Explosion Line.

I am releasing this professional tool for FREE to build my reputation on MQL5. If this tool helps your trading, please leave a review! It motivates me to release more institutional-grade tools.