This indicator also plots a line which acts as a signal line or a marker for the threshold of the momentum.
Green bars indicate a bullish trend direction, while red bars indicate a bearish trend direction. It identifies and indicates trend direction as histogram bars that change color depending on the direction of the trend. It somehow measures trends as trend power, and momentum as explosion power. The Waddah Attar Explosion indicator is trend and momentum following technical indicator. What is the Waddah Attar Explosion Indicator? The Waddah Attar Explosion indicator is one of such indicators that can provide high probability trade signals based on confluences. Such trade signals are often based on a confluence of factors which are objectively measured by an underlying algorithm or formula. High probability trade entry signals are probably some of the most coveted technical indicators. Introduction to the Waddah Attar Explosion Indicator (MT4)
