Variety Moving Average Waddah Attar Explosion (WAE) [Loxx]

17 Jul 2022

Variety Moving Average Waddah Attar Explosion [Loxx] is a Waddah Attar Explosion after the original version created over a decade ago. This version has ATR and Pips calculated dead-zone as well as 35+ moving averages to choose from for all moving average calculations.

What is Waddah Attar Explosion?
Waddah Attar Explosion is a momentum indicator that accounts for volatility in the market. It is the combination of MACD and Bollinger Bands with volatility cutoffs to determine entry and exit points.

How to use:

• Strong uptrend when dark green arrow points up
  
• Weak uptrend when light green arrow points up
  
• Strong downtrend when dark red arrow points down
  
• Weak downtrend when light red arrow points down
  

Included:

• 35+ moving averages
  
• Controls over explosion and trend filtering
  
• Bar coloring
  
• Dead-zone coloring
  
• ATR and Pips-based dead zone cutoffs
  
• Alerts