Waddah Attar Explosion – WAE
This indicator consists of two moving averages, one of which is applied to the high of the price and the other to the low of the price, creating an envelope curve that follows the market price. The idea is to trade based on the flip technique, where the price moves from above the two moving averages to below them and vice versa.
When the two moving averages intersect, the indicator signals that the price movement is changing direction or is about to change direction (from long to short or from short to long).
The indicator has two parameters:
- Type of Moving Average
- LB – Period
You can select a type of moving averages
- SMA
- EMA
- LWMA
- SSMA
The indicator has two lines:
- SSLU
- SSLD
We have added these conditions as custom blocks:
- Close is above/below SSLU
- Close is above/below SSLD
- Close is between SSLD and SSLU
- Close is between SSLD and SSLU x Bars
- SSLU is above/below SSLD
Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts
You can easily do your conditions in Custom blocks. More informations you can find here:
- https://strategyquant.com/doc/strategyquant/custom-blocks/
- https://strategyquant.com/doc-category/strategy-templates-custom-blocks/
- https://www.youtube.com/watch?v=CGkn5kh_etc
How to import custom indicators to SQX:
- https://strategyquant.com/doc/programming-for-sq/import-export-custom-indicators-and-other-snippets/
Excellent !!! Thank you Clonex
Thank you clonex,
The indicator works well.
I have one issue though, when I build a strategy with this indicator it doesn’t allow me to view the pseudo code. It give an error in the pseudo code tab when this indicator is present in strategies.