The Waddah Attar Explosion MTF indicator for MT4 measures market acceleration and shows you exactly when it’s time to enter and exit Forex trades.
The indicator appears as a colored bar histogram in a bottom chart of Metatrader 4 and comes with a multiple time frame (MTF) input function.
In essence, the indicator will help you in taking informed buy/sell trading decisions.
Buy & sell signal:
- A buy signal is given when the first green histogram bar appears on the chart.
- A sell signal is given when the first red histogram bar appears on the chart.
Feel free to experiment with the indicator’s default input values.
The indicator is also available for Metatrader 5 and can be downloaded here.
The Waddah Attar Explosion MTF indicator can be used as a standalone signal indicator or together with an existing trading system of your preference.
Free Download:
Download the “waddah attar explosion mtf.mq4” indicator for MT4
Indicator Chart
The picture below shows the Waddah Attar Explosion MTF mt4 indicator attached to the EUR/USD M15 chart.
Trading Tips:
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (sound ON), color settings & style
Indicator type: Forex signals
Download Now:
Download the “waddah attar explosion mtf.mq4” indicator for Metatrader 4
How to install the Waddah Attar Explosion MTF indicator in Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
