The Waddah Attar ADX + Bollinger Bands indicator for MT4 identifies the best buy & sell trends with the help of ADX and Bollinger Bands.
The indicator shows up in a bottom window as green and red colored histogram bars.
The indicator is reliable, non-repaint, and won’t slow down your computer.
Key Features
- Finds the best buy/sell trends
- Beginner-friendly indicator
- Can be combined with other tools
- 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_ADXxBollinger.mq4” MT4 indicator
Example Chart
The EUR/USD 4-hour chart below shows the Waddah Attar ADX + Bollinger Bands Forex indicator in action.
Buy & Sell Trading Signals
Signals from the Waddah Attar ADX + Bollinger Bands indicator for Metatrader 4 are easy to interpret and work as follows:
BUY:
- A buy signal is given when the first green Waddah trend bar appears on the chart.
- Place your stop loss below the previous support low.
- Use your own preferred take profit method for buy trades.
SELL:
- A sell signal is given when the first red Waddah trend bar appears on the chart.
- Place your stop loss above the previous resistance high.
- Use your preferred take-profit strategy for sell trades.
Download Now
Download the “Waddah_Attar_ADXxBollinger.mq4” MT4 indicator
Zoomer Pro + Waddah Attar ADX Bollinger Bands Strategy
This strategy merges the trend-detection power of the Zoomer Pro Forex Indicator with the volatility and trend-strength signals from the Waddah Attar ADX Bollinger Bands Indicator.
Together, they offer a reliable system for identifying strong breakouts and trend continuations.
Strategy Setup
- Indicator 1: Zoomer Pro (Primary trend direction and signal filter)
- Indicator 2: Waddah Attar ADX Bollinger Bands (Volatility, ADX strength, and breakout signals)
- Timeframes: 15M, 30M, or 1H
- Pairs: Major forex pairs and gold
Buy Entry Rules
- The Zoomer Pro Indicator turns green, indicating a bullish trend.
- The Waddah Attar ADX histogram shows strong green bars, rising above the Bollinger Band center, with the ADX line trending upward.
- Enter a Buy trade at the candle close when both indicators confirm the move.
- Set Stop Loss just below the lower Bollinger Band or previous swing low.
- Take Profit can be 2x your Stop Loss or trail using the Bollinger mid-band.
Sell Entry Rules
- The Zoomer Pro Indicator turns red, signaling a bearish trend.
- The Waddah Attar ADX histogram displays strong red bars, with ADX confirming rising bearish momentum.
- Enter a Sell trade when both conditions align and price breaks below the lower Bollinger Band.
- Set Stop Loss above the upper Bollinger Band or recent high.
- Take Profit at 2x the Stop Loss or exit on reversal signals from either indicator.
Why It Works
The Zoomer Pro acts as a trend filter, preventing entries in choppy markets.
The Waddah Attar ADX Bollinger Bands indicator adds precision by detecting volatility surges and confirming trend strength.
This combination is especially effective during news releases or after consolidation phases.
Download the indicators to try this strategy:
Adjustable Parameters & Settings
ADX period, bands period
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: trend
Final Thoughts
The Waddah Attar ADX + Bollinger Bands Indicator for MetaTrader 4 is a specialized tool designed to assist traders in identifying strong trends and potential breakout opportunities.
By combining the Average Directional Index (ADX), which measures trend strength, with Bollinger Bands, which assess market volatility, this indicator provides a comprehensive view of market conditions.
The indicator displays a histogram in the chart’s bottom window, with green bars indicating bullish momentum and red bars indicating bearish momentum.
This visual representation aids traders in making informed decisions about entering or exiting trades.
For optimal performance, consider combining the Waddah Attar ADX + Bollinger Bands Indicator with other technical analysis tools, such as the Zoomer Pro Indicator, to confirm trend direction and enhance signal accuracy.
