Available translations

Waddah Attar

Summary: The Waddah Attar Indicator may help identify the likely trend and/or turning points in the market.
Merges the Bollinger Bands and MACD together in a special way. This allows it to identify the start of the price explosion situations with very high accuracy. These explosions happen every day and sometimes multiple times a day. By using the Waddah Attar Explosion indicator you can know when this explosion begins and when they end with a high degree of success.
There are three elements of the Waddah Attar explosion indicator:
  • 1. Explosion line: Price explosion begins when the explosion line is at its lowest value and starts to increase with price action.
  • 2. Uptrend/Downtrend: Specifies a strong trend in up direction (green) or down direction (red). A buy signal could be generated when the trend is higher than the explosion line.
  • 3. Deadzone: Attempts to filter out weak signals. It is recommended only to enter a trade when the explosion and/or trend values are above the deadzone.
The parameters of the Waddah Attar indicator can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Initialization under ’Waddah Attar’ Product Definition.
Products & Properties
The following properties are available to access:
Product Name Product Variable Properties
Waddah Attar Waddah trendUp, trendDown, explosion, deadZone
The Waddah Attar indicator could be used to generate a buy signal when the explosion line is above the deadzone, and the up trend is above the explosion line:
 chart.at01hs.Waddah.trendUp > chart.at01hs.Waddah.explosion && chart.at01hs.Waddah.explosion > chart.at01hs.Waddah.deadZone
To increase confirmation confidence, this indicator can be paired with other indicators such as the Supertrend or Average True Range (ATR) indicators.
Fisher Transform
MACD - Pluvtech's Version