Seeing as we have this designated thread, I'll re-post our Waddah Attar Indicators into this topic!
Here is the optimized averages version of the Waddah Attar Explosion indicator from our archive of "
Best of TSD" Forex TSD files.
A bit of history on this first! We first saw the original Waddah Attar Explosion indicator introduced on our beloved Forex TSD back in 2007 by Ahmad Waddah Attar.
To give you an idea how long ago that was, this was the legendary Forex TSD logo at the time!
And the rest is history.
But such indicator was exciting for traders back then because it worked so well and was easy on the eyes. And this indicator is still such a beautiful and simple tool to use.
Mr. Waddah Attar himself explained:
- Red histogram hows the current down trend
- Green histogram shows the current up trend
- Yellow line's direction shows the explosion in price up or down
- The Waddah Attar Explosion is made to be used on the 30 minute chart
Signal for buy:
- Green histogram bar is up, the yellow line is up, and green histogram bar is higher than the yellow line.
- Trade can be exited when the green histogram bar drops lower than the yellow line.
Signal for sell:
- Red histogram bar is up, the yellow line is up, and red histogram bar is higher than the yellow line.
- Trade can be exited when the red histogram bar drops lower than the yellow line.
