OPEN-SOURCE SCRIPT
Waddah Attar Explosion by Shizaru
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 prorealcode.com/prorealtime-indicators/waddah-attar-explosion/
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 prorealcode.com/prorealtime-indicators/waddah-attar-explosion/
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。