How to Use Waddah Attar Explosion Indicator Like a Pro

If you're a Forex trader, you know that visualizing market trends is critical to making informed trading decisions. 

The Waddah Attar Explosion Indicator is an advanced volume indicator that can help you do that. 

"This post will show you how to use Waddah Attar Explosion Indicator like a pro."

"So that you can start seeing better results in your trading." Let’s get started.

What is the Waddah Attar Explosion Indicator

The Waddah Attar Explosion Indicator is a unique and beneficial volume indicator.

It helps traders identify upcoming market trends and capitalize on them quickly, giving global traders an edge in the ever-changing financial markets.

The Explosion Indicator provides an intuitive visual representation of the balance between positive and negative trading volumes, allowing traders to identify potential trade opportunities and react accordingly quickly. 

"For any serious trader, knowing when to buy or sell can be the difference between success and failure."

"With the Waddah Attar Explosion indicator, this process has been simplified and made faster than ever before."

Exploring Different Colors of the Indicator 

Interpreting the colors of the Waddah Attar Explosion Indicator can give you a better insight into upcoming market trends and changes. 

Green candles indicate that the traders are in control, whereas a red candle may suggest a shift in momentum with large trading volumes coming into play. 

If traders want an even clearer picture, they can look at each candle's height to see whether the positive or negative trade balance is getting stronger.

An increasing green candle typically indicates increased buying pressure, while a growing red one may point toward a bearish market. 

No matter which color you spot, understanding its meaning is vital to predicting future trends and making informed decisions when investing.

How to Use Waddah Attar Explosion Indicator

Waddah Attar Explosion Indicator provides traders with a compelling visual representation of the balance between positive and negative trading volumes that can be used to make informed decisions. 

By analyzing the indicator’s data points, traders can better understand current market conditions and identify imbalances between buyers and sellers in the Forex markets.

Let’s trade the live markets using the Waddah Attar Explosion Indicator.

Buy Example

The below chart represents a buy trade in the EUR/USD price chart. 

We have added the Waddah Attar Explosion Indicator to the chart, and we can see the Green histograms breaking the Explosion line (Orange Moving Average Line).

We can also see the strength of Green histograms indicating intense buying pressure.

So we entered a buy position as soon as we got a bullish confirmation candle on the price chart (entry point indicated by the green line). 

We can see the price shooting up to the north as soon as we entered the market.

Sell Example

The below chart represents a sell trade on the EUR/USD price chart. 

We have added the Waddah Attar Explosion Indicator to the chart, and we can see the Red histograms breaking the Explosion line (Orange Moving Average Line).

Also, the strength of Red histograms shows the explosion of selling pressure.

So we entered a short position as soon as we got a bearish confirmation candle on the price chart (the red line shows the entry point). 

We can see the price plummeting to the south as soon as we entered the market.

Tips to Use the Indicator Effectively

• Always watch the expansion and contraction of buying/selling volumes (red or green histogram) in your trading time frame. 
• Confirm any directional shifts by looking for confirmation signals like breakouts or price support and resistance levels. 
• Pair this indicator with ATR dead zone for additional confirmation of volume trading signals generated by this indicator.
• Paying attention to volume-weighted trends can help with predictions. It can also filter for weak signals and the noise from low-volume trades that could otherwise skew your analysis.

Bottom Line

The Waddah Attar Explosion Indicator is a powerful tool that can help traders predict market trends. 

This highly effective tool can be used to make well-informed trading decisions and stay one step ahead of the market.

With some practice, the Waddah Attar Explosion Indicator can be a valuable asset in any trader's arsenal. All the best!