Waddah attar explosion indicator is an indicator which is used by both traders and Forex scalpers. This indicator was designed by WADDAH ATTAR to use it in the Arab world. This indicator is a fit indicator for beginners and scalpers. This indicator is well designed for Meta Trader 4 and it is based on the price and traders can use to locate the price of every currency pairs.
WADDAH ATTAR EXPLOSION INDICATOR MT4:
Waddah attar explosion indicator is free to download. Traders are using this indicator to indicate ups and downs in the indicator. This indicator is not easy to use but this indicator is very helpful for beginners. This indicator indicates a very small change in the price of market trends. It is the best tool for volume indicator. This indicator also has a combination of two different indicators, which are MACD and Bollinger Bands. This combination helps us to identify high accuracy with price explosion in the market trend.
The MACD indicator is used to identify the average convergence and divergence in the trade. This indicator is also used to show changes in the market strength, the direction of the market trend.
Waddah attar explosion indicator is based on price points, oversold, and overbought signals. The second indicator used in this indicator is Bollinger Bands is also a trend indicator. This indicator is a trend continuation and reversal trend, period in the market trend, and potential price targets. This indicator helps to indicate whether the price is high or the price is low.
Waddah attar explosion indicator also used to identify entry and exit points in the trade. This indicator is only used for price actions and volatility. That’s why this indicator is made up of two different indicators which work together to help the traders to work in a better manner. As I said above that this indicator is very helpful for beginners and scalpers.
Like every indicator, Waddah attar explosion indicator also has a specific pip and a specific candlestick pattern. This indicator uses a histogram chart on the screen. Colour schemes used on the histogram are RED and Green. Red histogram shows the downtrend in the market while green histogram indicates an uptrend in the market. Sienna lines on the graph indicate the explosion in the price up to and down. If the green histogram is rising above the explosion line then the explosion price rate is above the specific pip or Dead zone line. If the red line is rising and it is above the explosion line then both explosion line and red line are above the Dead Zone line. This indicator also alerts you to buy, sell, exit buy, and exit sell.
USES Of Waddah attar explosion indicator:
WADDAH ATTAR EXPLOSION indicator has too many uses. This indicator is designed for beginners and Forex traders and scalpers. This indicator is one of the best indicators because it is combined with two different indicators. That indicator helps the traders to know about different price action, entry points, exit points, momentum, and ups and downs in market trend. With the help of all these main points beginners can earn healthy profits and they can utilize these points in their strategy and use them in their way.
Uses of Waddah attar explosion indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: Waddah attar explosion indicator
Recommended broker: All trusted brokers
Remember, Before use Waddah attar explosion indicator you can test on Demo account. When you will expert then you will use in Real account of trading.