OPEN-SOURCE SCRIPT
Variety Moving Average Waddah Attar Explosion (WAE) [Loxx]
Variety Moving Average Waddah Attar Explosion [Loxx] is a Waddah Attar Explosion after the original version created over a decade ago. This version has ATR and Pips calculated dead-zone as well as 35+ moving averages to choose from for all moving average calculations.
What is Waddah Attar Explosion?
Waddah Attar Explosion is a momentum indicator that accounts for volatility in the market. It is the combination of MACD and Bollinger Bands with volatility cutoffs to determine entry and exit points.
How to use:
Included:
What is Waddah Attar Explosion?
Waddah Attar Explosion is a momentum indicator that accounts for volatility in the market. It is the combination of MACD and Bollinger Bands with volatility cutoffs to determine entry and exit points.
How to use:
- Strong uptrend when dark green arrow points up
- Weak uptrend when light green arrow points up
- Strong downtrend when dark red arrow points down
- Weak downtrend when light red arrow points down
Included:
- 35+ moving averages
- Controls over explosion and trend filtering
- Bar coloring
- Dead-zone coloring
- ATR and Pips-based dead zone cutoffs
- Alerts
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Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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