Uber WAE - Waddah Attar Explosion [UTS]The Waddah Attar explosion indicator is a well known indicator in the forex community all over the web. It builds on MACD together with Bollinger Bands and measures the current direction and strength in market.
This indicator can act as a scalper on lower timeframes e.g. 30M - 4H but also does a pretty decent job as volatility filter to determine strong trending movements on higher timeframes like 1D.
Example code can be found at www.prorealcode.com .
General Usage
The colored histogram visualizes the strength of the trend (green = bullish, red = bearish).
A buy/sell signal is triggered when the (green/red) histogram bars rise above the explosion line.
An exit signal is triggered if the bar falls below the explosion line.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Enter Long
Enter Short
Exit Long
Exit Short
Maintain Long
Maintain Short
Those values are > zero if a condition is triggered.
Alert condition example: "Enter Long" - "Greater Than" - "0"
Moving Averages
16 different Moving Averages are available for calculation of both MACD and BB components:
ALMA (Arnaud Legoux Moving Average)
DEMA (Double Exponential Moving Average)
EMA (Exponential Moving Average)
FRAMA (Fractal Adaptive Moving Average)
HMA (Hull Moving Average)
JURIK (Jurik Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
LSMA (Least Square Moving Average)
RMA (Running Moving Average)
SMA (Simple Moving Average)
SuperSmoothed (Super Smoothed Moving Average)
TEMA (Triple Exponential Moving Average)
VWMA (Volume Weighted Moving Average)
WMA (Weighted Moving Average)
ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Wad
The WAD Machine - Bitcoin BeatsHello Hello Hello, and welcome back to Bitcoin Beats!
This is a Conglomeration of different scripts into 1 indicator that shows a bunch of different things.
This is not all my own work but also a mixture of features taken from other useful scripts.
I will say in terms of originality, it takes a certain level of skill to put this together and get it working so I'll take the credit for that.
This script does all that is said below:
- Plots fibonacci zones with adjustable days, weeks, months ect.
- Shows lower highs, higher lows, lower lows, lower highs after recognizing candle patterns(note that this is not predictive, just shows what has already happened).
- Plots a Price Action Channel(PAC).
The candles automatically adjust to the PAC to give Buy and Sell signals on most timeframes.
If the candles are blue, it means buy.
If the candles are red, it means sell.
If the candles are grey, you shouldn't be in a trade.
I will not state the profitability of this method but for this section of the indicator, it's designed for entries.
Exits require a more manual approach using your own trading initiative.
Beginner traders should exit when the channel is hit and the candle turns grey again.
However, more advanced traders can try to use the Fibonacci zones and other features to manage their positions.
- Plots general trendlines automatically with customization of the lines and the length they go for.
- Plots major sloping supports and resistances automatically.
PLEASE TRADE AT YOUR OWN RISK.
Cheers, and good bye, from Bitcoin Beats.
Williams Accumulation/Distribution (Williams AD) Accumulation is a term used to describe a market controlled by buyers;
whereas distribution is defined by a market controlled by sellers.
Williams recommends trading this indicator based on divergences:
Distribution of the security is indicated when the security is making
a new high and the A/D indicator is failing to make a new high. Sell.
Accumulation of the security is indicated when the security is making
a new low and the A/D indicator is failing to make a new low. Buy.
