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Waddah Attar Explosion Indicator (MT5)

    The Waddah Attar Explosion indicator for MT5 measures market acceleration for both up and down trends and indicates you when it’s time to buy and sell currency pairs.

    The indicator was developed by Waddah Attar.

    The signals are beginner friendly and should be traded as follows:

    Buy & sell signal:

    • A new buy signal is given when the first green histogram bar pops up on the bottom chart.
    • A new sell signal is given when the first purple histogram bar pops up on the bottom chart.
    • Close and reverse the position when an opposite colored bar appears on the bottom chart.

    Waddah Attar Explosion (mt5) can work together with an existing trading strategy or system as an additional trend signals indicator.

    Free Download:

    Download the “waddah_attar_explosion.mq5” indicator

    Indicator Example Chart (EUR/USD M15)

    After you downloaded and installed the Waddah Attar Explosion indicator on the MT5 trading platform, it should look like the image as shown below.

    Trading Tips:

    Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the Waddah Attar Explosion indicator.

    As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

    Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

    Indicator Specifications & Inputs:

    Trading Platform: Developed for Metatrader 5 (MT5)

    Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

    Time frames: Works for any time frame

    Trade Style: Works for scalping, day trading and swing trading

    Input Parameters: Variable (inputs tab), color settings & style

    Indicator type: Signals

    Does the indicator repaint? No.

    Download Now:

    Download the “waddah_attar_explosion.mq5” indicator

    How to install the Waddah Attar Explosion indicator in Metatrader 5?

    Open the Metatrader 5 platform

    From the top menu, click on “File”

    Then click on “Open Data Folder”

    Then double click with your mouse button on “MQL5”

    Now double click on “Indicators”

    Paste the indicator in the Indicators folder.

    Finally restart the MT5 platform and attach the indicator to any chart.

    How to remove the indicator?

    Right click with your mouse on the chart that you have the indicator attached to.

    Select “Indicator List” from the drop down menu.

    Select the indicator and press delete.

    How to edit the indicator’s inputs and parameters?

    Right click with your mouse on the chart that you have the indicator attached to.

    From the drop down menu, click on indicators list.

    Select the indicator from the list and press edit.

    Now you can edit the indicator.

    Finally, press the OK button to save the updated configuration.

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