Waddah Attar Explosion is a effective indicator which helps in showing the breakout of a particular stock. It uses the high, low and close prices of a stock and plots these values on a graph. The resulting pattern is an explosive shape which is similar to a bomb. This shows that the stock is about to make a large move in a particular direction.
The first step is to identify the base period. This is the period in which the stock prices are plotted on the graph. The next step is to identify the high, low and close prices for each day during the base period. These values are then plotted on the graph. The result is a line which represents the trend of the stock prices.
The next step is to identify the support and resistance levels. These levels are determined by the previous high and low prices of the stock. The support level is the level at which the stock prices find support and do not fall below. The resistance level is the level at which the stock prices find resistance and do not rise above.
The next step is to wait for the breakout. The breakout is the point at which the stock prices break out of the resistance or support levels. This is usually accompanied by an increase in volume.
The final step is to enter the trade. The trade is entered when the stock prices close above the resistance level or below the support level. The target price is the level at which the stock prices are expected to target. The stop loss is the level at which the stock prices are expected to stop falling.
The above steps are followed to trade using the Waddah Attar Explosion. This indicator can be used to trade in both the long and short term. In the long term, the target price is usually set at a higher level than the stop loss. In the short term, the target price is usually set at a lower level than the stop loss.
What happens if I don't use the waddah attar explosion indicator often enough?
If you don't use the waddah attar explosion indicator often enough, then your chances of being able to properly predict when an explosion will occur are greatly diminished. The indicator is designed to help you gauge the amount of force that is being exerted on the waddah attar, and if you don't use it regularly, you won't have an accurate reading. This could lead to disastrous results if you are caught in an explosion without being able to properly predict it.
What should I do if the waddah attar explosion indicator doesn't work?
If the waddah attar explosion indicator doesn't work, the best course of action is to evacuate the area immediately. If you are able, turn off all potential sources of ignition, such as electrical equipment and naked flames. Once you are a safe distance away, call the fire brigade and give them as much information as possible about the situation.
Frequently Asked Questions
What is Attar explosion indicator in MT4?
The Waddah Attar Explosion Indicator is a momentum indicator that is designed for the MT4 trading platform. Essentially, this is a tool that lets you know when it’s time to get into position and also provides a reliable market direction so that you can simply follow and trade with the trend.
What is Waddah Attar explosion in forex?
The Waddah Attar explosion indicator is used in the forex market to assess price movements. The indicator is based on a study of candle patterns and provides indications of when a currency pair has reached an advantageous price point.
What is the Waddah Attar explosion indicator in Thinkorswim?
The Waddah Attar Explosion Indicator is a oscillator or indicator that displays the difference in value between two consecutive bars as a flat indicator. This indicator can be found in many financial trading platforms, such as MQL5 and ThinkorSwim.
What is the CQ-Wae deluxe MT4 indicator?
It is a volume indicator which works with the cQ-WAE Pairs strategy. You can tune it to show different volumes for different time frames. It also has a trendline indicator and Bollinger Bands.
What are the best settings for Waddah Attar explosion indicator?
The best settings for Waddah Attar explosion indicator are: Sensetiveoptimal value: 150. DeadZonePipoptimal value: 40. ExplosionPoweroptimal value: 15. TrendPoweroptimal value: 15. AlertCountoptimal value: up to you (I recommend “5”).
Sources
- https://usethinkscript.com/threads/waddah-attar-explosion-indicator-for-thinkorswim.83/
- https://www.forexracer.com/waddah-attar-explosion-indicator-mt4/
- https://www.trendfollowingsystem.com/waddah-attar-explosion-indicator-for-mt4/
- https://www.youtube.com/watch
- https://forexclub.pl/en/malo-znany-ale-skuteczny-wskaznik-waddah-attar-explosion-mt4/
- https://best-mt4-indicators.com/waddah-attar-explosion/
- https://www.perfecttrendsystem.com/blog_mt4_1/en/waddah-attar-explosion-indicator-for-mt4
- https://www.youtube.com/watch
- https://forexobroker.com/waddah-attar-explosion-indicator/
- https://stonehillforex.com/2022/02/waddah-attar-explosion-as-a-volume-indicator/
- https://www.tradingvortex.com/waddah-attar-explosion
- https://best-forex-indicator.com/waddah-attar-explosion/
- https://www.prorealcode.com/prorealtime-indicators/waddah-attar-explosion/
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