This input represents the explosion power level at which the indicator will alert us.This input is very important because no entry signal will be given in this zone.This area is limited by the white dotted line.Represents the height of the dead zone in number of pips.
#WADDAH ATTAR EXPLOSION FOR MAC FULL SIZE#
It works as a filter for weak signals and no alert will be shown when the red or green histogram are under it.Ĭlick on the image below to open the full size version!.Represents the upper limit of the Dead zone, below this line no order should be opened.The third task is to specify the Exit Point, which is when the Red Bar drops below the Golden Line.The second task is to specify the entry point ( the Selling Point), which is when the Red Bar rises above the Golden Line.The first task is to identify the Downtrend.The third task is to specify the Exit Point, which is when the Green Bar drops below the Golden line.ģ.
The second task is to specify the entry point ( the Buying Point), which is when the Green Bar rises above the Golden Line.The first task is to identify the Uptrend.The Histogram Green Bars: Has Three Tasks. The Golden Line function ends once the determining of the beginning and the end of the price explosion was done, without specifying the trend direction which is the function of the Histogram with his Green and Red Bars.Ģ.The price explosion ends when the Golden Line returns to the lowest values again and become horizontal.The price explosion continues as long as the Golden Line remains high.The price explosion begins when the Golden Line is at its lowest value, and then it begins to go up.Its task is to know when the price explosion will start and when it will end.For this reason it can be considered as a full trading system. This MT4 trading tool is displayed in a separate window and consists of four elements combined together. However, It does not have a limit to the maximum it can reach. The Bars height is measured upward from a zero line (by default, this Bars vertical scale is set to start at zero).The top level of the vertical scale of the histogram depends on the height of the formed Bars.The height of the Bars shows each candlestick volume and hence the strength of the explosion pushing the market prices in the direction they move.Each of the Bars formed in the indicator window corresponds to one chart candlestick.Represented by the Green bars if the difference is positive and the price goes up and the Red Bars if the difference is negative and the price goes down.This difference is very sensitive to price ups and downs and without delay, as is the case with the MACD if used alone.The second: It is the difference between the current and the previous MACD with displacing by one candle, represented by the histogram. It expands when the price begins to explode and draws a circular curve to return and narrow at the end of the explosion.It always narrows as prices stabilize and fluctuate in a very narrow range.The first: is the difference between the upper line and the lower line of the Bollinger Bands indicator, represented by the Golden Line in the indicator. The Indicator Calculation depends on two things to show its data and draw its lines. Thanks to this combination you can identify with high accuracy the start of the price explosion situations that occur almost every day, so you can know when this explosions begin and when it end with a high degree of success. This indicator relies on merging two indicators in a special way, which are the Bollinger Bands and MACD. Waddah Attar Explosion Indicator Calculation :
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