About the Waddah Attar Explosion MTF Indicator
The Waddah Attar Explosion MTF Indicator is a legendary technical tool that combines the power of Bollinger Bands and the Moving Average Convergence Divergence to measure price acceleration.
Unlike standard volume oscillators, this indicator is specifically designed to identify the exact moment when market energy “explodes” out of a consolidation phase.
It provides a visual representation of both trend direction and trend strength, allowing traders to distinguish between a weak price drift and a high-probability breakout fueled by heavy participation.
By viewing the colored histogram bars, you can instantly see if the current momentum is bullish or bearish and, more importantly, if that momentum is increasing or fading.
This dual-purpose analysis makes the Waddah Attar Explosion MTF Indicator an essential component for any strategy focused on volatility and speed.
The indicator is also available for MetaTrader 5 and can be downloaded here.
Free Download
Download the “waddah attar explosion mtf.mq4” indicator for MT4
Key Features
- Integrates a specialized explosion line to visualize the threshold where price momentum becomes significant.
- Features a multi-timeframe input function that allows for top-down market analysis within a single window.
- Displays color-coded histogram bars to provide an immediate assessment of bullish and bearish strength.
- Helps traders avoid low-liquidity periods by showing when momentum falls below the required threshold.
- Provides objective entry and exit signals based on the interaction between histogram bars and the sensitivity line.
Indicator Chart
The chart displays the Waddah Attar Explosion MTF Indicator tracking market velocity through its distinctive histogram.
When the green or red bars cross above the yellow explosion line, it indicates a high-velocity move is underway.
This setup helps you stay out of flat markets and only participate when there is enough energy to drive the price toward your targets.
Guide to Trade with Waddah Attar Explosion MTF Indicator
Buy Rules
- Monitor the Waddah Attar Explosion MTF Indicator for the emergence of the first green histogram bar.
- Ensure the green bar has crossed above the yellow explosion line to confirm sufficient market acceleration.
- Open a buy trade at the close of the candle that confirms this bullish momentum surge.
Sell Rules
- Monitor the Waddah Attar Explosion MTF Indicator for the emergence of the first red histogram bar.
- Verify that the red bar is expanding and has broken above the yellow explosion line boundary.
- Open a sell trade once the signal candle closes to lock in the bearish momentum shift.
Stop Loss
- Place your stop loss below the most recent technical support level for buy positions.
- Place your stop loss above the most recent technical resistance level for sell positions.
Take Profit
- Close the trade when the histogram bars begin to shrink and move back toward the zero line.
- Alternatively, exit the position if the histogram color changes or momentum drops below the explosion line.
Waddah Attar Explosion + Flat Trend RSI Forex Scalping Strategy for MT4
This day‐trading scalping strategy for MT4 combines the Waddah Attar Explosion MTF Indicator and the Flat Trend RSI Indicator for MT4 on very short time-frames (M1, M5, M15).
It is designed for active traders looking for rapid entries and exits.
The first indicator gives momentum & volatility “explosion” signals (green histogram for buys, red for sells).
The second indicator confirms the trend bias with a coloured histogram (blue for buy trend, red for sell trend).
Because the approach is scalping, it is suitable for liquid major currency pairs during active sessions (London/New York), with positions kept short and tight.
It works best when you monitor an M1 or M5 chart for entry, and optionally examine an M15 chart for trend context.
Buy Entry Rules
- On the M5 chart, see the Flat Trend RSI histogram turn blue (indicating buy trend bias).
- The Waddah Attar histogram prints a green bar (first green bar after red or after flat), indicating a buy momentum shift.
- Enter a long (buy) trade at the close of that bar showing the green Waddah bar.
- Place the stop-loss a few pips below the recent small swing low (for example, 5-10 pips on M5; you may reduce to 3-5 pips on M1 if volatility is low).
- Set a take‐profit target of roughly 1.0 to 1.5 times the stop‐loss distance.
- Or trail as the Waddah histogram begins to shrink or change colour (i.e., green bar turns shorter or a red bar appears).
Sell Entry Rules
- On the M5 chart, confirm the Flat Trend RSI histogram turns red (indicating sell trend bias).
- On the same M5 chart, wait for the Waddah Attar histogram to print the first red bar (after green or flat), signalling a sell momentum shift.
- Enter a short (sell) trade at the close of that red-histogram bar.
- Place the stop‐loss a few pips above the recent small swing high (again, e.g., 5-10 pips on M5; 3-5 pips on M1 if used).
- Target a take‐profit of about 1.0 to 1.5× stop‐loss size.
- Or exit when the Waddah histogram begins to shorten or a green bar appears.
Advantages
- Fast entries suitable for scalping short time-frames (M1, M5, M15).
- Dual-confirmation: momentum (Waddah) + trend bias (Flat Trend RSI) helps reduce false entries.
- Works well in high-volume sessions when markets move rapidly.
Drawbacks
- Requires active monitoring and quick decision making (scalping demands discipline).
- The indicators may generate false signals in choppy, noisy periods—so additional discretion is needed.
Example Case Study 1 – USD/JPY on M5
During the New York session, the Flat Trend RSI histogram turned blue on the USD/JPY M5 chart around 109.45, indicating buy bias.
Shortly after, the Waddah Attar histogram printed a first green bar at 109.46.
A buy trade was entered at 109.46 with a stop loss at 109.39 (7 pips) and a take-profit at 109.57 (11 pips 1.6×).
The move extended to 109.60 before a red Waddah bar appeared, and the trade was exited for +14 pips.
The combination confirmed momentum and trend bias for a quick scalping gain.
Example Case Study 2 – AUD/USD on M1
The Flat Trend RSI on AUD/USD M1 shifted red at 0.6730, setting a sell bias.
The Waddah Attar then printed its first red histogram bar at 0.6730.
A sell trade was placed at 0.6730 with a stop loss at 0.6734 (4 pips) and a take‐profit at 0.6724 (10 pips ≈2.5×).
Price swiftly dropped to 0.6722 before retracing; the trade was closed early for +12 pips when the Waddah histogram shortened significantly.
A crisp scalping win thanks to quick momentum and trend alignment.
Strategy Tips
- Use lower spread pairs during active sessions (majors like EUR/USD, GBP/USD, USD/JPY, AUD/USD) to maximise scalping efficiency.
- Avoid trading when major news releases are upcoming (spikes and whipsaws increase risk).
- On the M1 chart, tighten stop-loss and take-profit settings; allow slightly wider stop and target on the M15 to accommodate more volatility.
- Prefer trades where the Waddah histogram has just flipped colour (fresh first green or red bar) rather than when many bars have already occurred. This tends to capture early momentum.
- Use the Flat Trend RSI as a filter – if bias is blue but Waddah prints red, skip. If bias is red but Waddah prints green, skip. Only trade matched direction.
- Keep a small number of trades a day (scalping frequency can tempt over-trading). Quality over quantity.
Download Now
Download the “waddah attar explosion mtf.mq4” indicator for Metatrader 4
FAQ
How does the MTF function enhance the Waddah Attar Explosion MTF Indicator?
The MTF feature allows you to see the momentum of a higher timeframe, like the H4, while you are looking at an M15 chart.
This is vital because it prevents you from taking a buy signal on a short-term chart when the long-term trend is actually losing steam.
It essentially acts as a built-in filter for higher-probability setups.
What is the purpose of the yellow line in the histogram window?
The yellow line is the explosion dead zone or threshold line.
It represents the minimum amount of volatility required to consider a move “significant.”
If the histogram bars are below this line, the market is usually in a range.
You only want to look for entries when the colored bars successfully break above this line.
Can I change the sensitivity of the breakout signals?
Yes, the indicator includes sensitivity and dead zone settings in the input tab.
Increasing the sensitivity will result in more frequent signals, which might be useful for scalping.
Decreasing it will make the indicator more selective, focusing only on the most powerful trend shifts which is better for swing trading.
Summary
The Waddah Attar Explosion MTF Indicator is a sophisticated solution for traders who need to quantify market energy before taking a trade.
By filtering out low-volatility price action, it helps maintain a high level of discipline and prevents overtrading during quiet sessions.
Its ability to show trend and momentum in one place makes it one of the most comprehensive oscillators available for MT4.
To get the most out of this tool, it is wise to experiment with the input values to match the specific volatility of your favorite currency pairs.
