Cracking Cryptocurrency - Waddah Attar Explosion
An entry indicator that analyzes momentum and . This indicator is very sensitive and works very well on lower time frames for scalping, and higher time frames for confirming explosive movements or shifts in trend or momentum in the market.
Features & Functions
This indicator can be customized by adjusting the sensitivity levels, lengths, and multiplier. However, I find that the settings that I have made as default work very well. However, as with all indicators, nuance and customizing your settings to your asset class and time frame will yield greater results.
Bar Coloring - This indicator colors the bars to indicate a buy or sell signal, as well as printing Up and Down arrows in the indicator pane itself. This can be disabled in the settings window.
Alerts - This indicator is programmed with alerts for Buy and Sell alerts, available from the Alerts Window.
To identify likely turning points in the market, or confirmation of a trend. Please refer to the Waddah Attar Explosion YouTube Video on our Channel for a full tutorial.
If you have any questions, success or failure stories, or seek advice feel free to send me a private message here on Trading View, or DM me @JayWiseFree#5696 in our Discord Community.
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Current Requirements for Signals:
Explosion Level must be higher than previous bar.
Current Waddah Bar must not have been the same color previously if it is lower.
Current Waddah Bar must be higher than previous bar if of the same color.
Fixed signal printing and alerts. Indicator will not capture setups where Waddah was above the explosion level without a rising explosion level and THEN the explosion level starts rising. All long and short signals print accurately now without having to interpret the chart manually.
Added customization for the Dead Zone Filter so you can adjust the Indicator to low-volume/volatility assets like altcoins. You can adjust the look back length of the Dead Zone and the Multiplier.
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