The Waddah Attar Price Wave indicator for MT4 is an oscillator that delivers solid short-term trading signals for any FX pair.
The Waddah oscillator fluctuates above and below the zero level.
The indicator is reliable, non-repaint, and won’t slow down your computer.
Key Points
- Technical oscillator
- Provides short-term trends
- Non-repaint technical indicator
- Easy to understand
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a simple trend confirmation technical tool.
Free Download
Download the “Waddah Attar Price Wave.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Waddah Attar Price Wave Forex indicator in action.
Simple Trading Signals
Signals from the Waddah Attar Price Wave indicator for Metatrader 4 are easy to interpret and work as follows:
BUY:
- Open a buy trade when the indicator turns back above the zero level from below.
- Place your stop loss below the previous support.
- Use your own preferred take-profit method for buy trades.
SELL:
- Open a sell trade when the indicator turns back below the zero level from above.
- Place your stop loss above previous resistance.
- Use your preferred take-profit strategy for sell trades.
Download Now
Download the “Waddah Attar Price Wave.mq4” MT4 indicator
Learn The XTC Trend Price Wave MT4 Strategy
This strategy brings together the price action wave logic of the Waddah Attar Price Wave Indicator with the clear directional signals of the XTC Forex Trend Indicator.
The result is a clean, trend-based system that works well on all major currency pairs, ideal for traders who want to follow the market with confidence.
Strategy Overview
- Indicator 1: Waddah Attar Price Wave (Wave-based momentum and structure)
- Indicator 2: XTC Forex Trend (Visual trend confirmation)
- Timeframes: 30M, 1H, or 4H
- Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, and other majors
- Platform: Metatrader 4
Buy Trade Conditions
- The XTC Forex Trend Indicator turns blue, signaling a bullish trend.
- The Waddah Attar Price Wave histogram begins forming green rising waves.
- Price breaks above the previous wave high with momentum.
- Enter a Buy trade at the candle close after confirmation.
- Stop Loss goes below the last wave low or recent support.
- Take Profit at 2x the risk or exit when the XTC indicator turns red.
Sell Trade Conditions
- The XTC Forex Trend Indicator turns red, indicating a bearish trend.
- The Waddah Attar Price Wave shows red waves forming and increasing in size.
- Price breaks below the previous wave low.
- Enter a Sell trade on the confirmation candle.
- Place the Stop Loss above the last wave high or recent resistance.
- Set Take Profit at 2x the Stop Loss or exit when XTC turns blue again.
Why This Strategy Works
The XTC Trend Indicator ensures you’re only trading in the dominant trend direction, while the Waddah Attar Price Wave Indicator shows the internal wave momentum and structure of price.
This combo helps filter out noise and gives precise entries aligned with the prevailing market sentiment.
Adjustable Indicator Parameters
Count bars, wavelength
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: oscillator
Final Thoughts
The Waddah Attar Price Wave Indicator for MetaTrader 4 is a momentum-based oscillator designed to assist traders in identifying short-term price movements and potential entry points.
By fluctuating above and below a zero line, it provides clear visual cues for market direction, aiding in the assessment of market strength and potential reversals.
This indicator is particularly useful for intraday traders seeking to capitalize on short-term price fluctuations.
For optimal performance, consider combining the Waddah Attar Price Wave Indicator with other technical analysis tools, such as trend indicators or support and resistance levels, to confirm signals and enhance trading decisions.
