Waddah Attar Explosion Pro
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Product Description
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Waddah Attar Explosion is a very powerful trend indicator built upon a special combination of MACD and Bollinger Bands (it just uses the Standard Deviation actually). The original indicator was developed for MetaTrader 15+ years ago by a great trader/coder named Waddah Attar.
With so many valuable components and signals, Waddah Attar Explosion is almost a complete trend trading system (just like Superior Ichimoku). It recognizes price explosions, trend phrases, trend strengthening, and slowdowns with a high degree of accuracy - ALL in just one indicator.
Just like any other indicators we have made, ninZa.co pushed the original indicator concept to the next level by adding a whole lot of our own enhancements. All of these premium improvements make Waddah Attar Explosion Pro become one of the indicators that provide the best trend signals that we have ever seen.
Even though our indicator has automatically interpreted the plots to generate meaningful signals, it's still worth introducing them.
- Explosion line: This plot helps identify price explosion, which starts when the plot rises significantly after a period of low values. However, it does not tell the direction of the price explosion, which is the task of MACD Diff Bullish/Bearish plots.
- MACD Diff Bullish/Bearish plots: These plots are displayed as histograms to help identify trend phases and trend strength. A series of increasing histogram bars means the current trend is strengthening, while decreasing bars indicate the weakness of the trend.
- Dead Zone plot: This plot defines the upper bound of the dead zone, which filters out unreliable trend-strengthening signals. As its name indicates, this is a no-go area.
Dedicated NinjaScript Signals
- Signal_Trend: 1 = uptrend, -1 = downtrend
- Signal_Trade: 1 = uptrend start, 2 = uptrend strengthening, -3 = uptrend slowdown, -1 = downtrend start, -2 = downtrend strengthening, 3 = downtrend slowdown
- Signal_Explosion: 1 = rising, -1 = falling
- Signal_MacdDiffBullish: 1 = below explosion, 2 = above explosion falling, 3 = above explosion rising
- Signal_MacdDiffBearish: 1 = below explosion, 2 = above explosion falling, 3 = above explosion rising
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Usability
Ready to use out of the box
Fully configurable & customizable with ease
30 Days ninZa Exchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Dec 01, 2022
The indicator was released (build new).
Product Media
How to Install?
Step by step guide on how to install the indicators
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I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
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Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
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