Waddah Attar Explosion is a momentum and volatility–based indicator designed to highlight periods of strong market movement while filtering out low-activity conditions.
The indicator combines:
MACD-based momentum acceleration
Volatility expansion using standard deviation
A dynamic dead-zone filter based on market range
Signals are generated only when trend strength, volatility expansion, and market activity align, helping traders focus on higher-quality market conditions.
The indicator runs in a separate window and uses indicator buffers only, ensuring high performance and full compatibility with Expert Advisors.
Core Logic Explained
Trend Momentum
Trend strength is calculated using the difference between a fast and slow exponential moving average (MACD logic).
The change in MACD value is amplified by a Sensitivity parameter to measure momentum acceleration.
Momentum is displayed as a color-coded histogram:
Bullish momentum increasing
Bullish momentum weakening
Bearish momentum increasing
Bearish momentum weakening
This allows visual assessment of both direction and strength.
Explosion (Volatility Expansion)
Volatility is measured using standard deviation over a configurable channel length, similar to a Bollinger-style volatility model.
The Explosion line rises when volatility expands, indicating increased market activity.
Dead Zone Filter
To avoid low-energy or sideways markets, a Dead Zone is calculated using a smoothed average of the true range.
When volatility remains below this level, signals are filtered out.
Buy & Sell Signals
Buy and sell arrows are generated only when all conditions are met:
Momentum direction is clear
Trend strength exceeds volatility
Volatility is expanding
Market activity is above the Dead Zone
This multi-condition logic helps reduce false signals during consolidation.
Visual Elements
Color-coded momentum histogram
Explosion (volatility) line
Dead Zone filter line
Buy and Sell arrow signals
Separate indicator window for clarity
All visuals are drawn using indicator buffers only.
Alerts & Notifications
The indicator includes optional real-time alerts:
Popup alerts on buy and sell signals
Optional push notifications to mobile devices
Alerts are triggered only on confirmed signals.
Built-in Signal Tester
An optional on-chart signal tester is included for analytical purposes:
Simulates historical buy and sell signals
Uses user-defined take-profit and stop-loss points
Displays total trades, winning trades, and win rate directly on the chart
This feature is intended for signal evaluation only and does not represent real trading performance.
Customization Options
Momentum sensitivity
Fast and slow EMA lengths
Volatility channel length and multiplier
Light or dark chart theme
Alert and notification settings
Tester parameters (TP, SL, start date)
Compatibility
Works on all symbols supported by MetaTrader 5
Compatible with all timeframes
EA-friendly (buffer-based output only)
No repainting of alerts after signal formation
Disclaimer
This indicator is provided for educational and analytical purposes only.
It does not provide investment advice and does not guarantee trading results.
