Waddah Attar Explosion - signal indicator
Waddah Attar Explosion - signal indicatorwhich is based on market volumes. The main word in the indicator's name is Explosion, which indicates its actual signals. So, the indicator burst indicates an increase in market volume in a certain direction: if the color of the bar is green, the trend is upward, if red, it is downward.
It is recommended to enter the market when the bar exits Waddah Attar Explosion behind the yellow line; when the indicator goes back, you should close the trade.
ForTrader.org comments: in general Waddah Attar Explosion indicator looks good, but traders complain about the frequent false signals, so we recommend to use an additional filter in the form of an oscillator.
Very good indicator in combination with channels and Price Action patterns...