StockFetcher Forums · Filter Exchange · Waddah Attar Explosion<< >>Post Follow-up
mahkoh
1,059 posts
msg #146404
Ignore mahkoh
modified
2/2/2019 4:22:28 PM

https://www.mql5.com/en/code/531
https://www.tradingview.com/script/iu3kKWDI-Waddah-Attar-Explosion-LazyBear/

This indicator relates the strength of a trend to the recent volatility. It is originally a forex indicator, one might play with the factor 150 in the x6 code to adjust for stocks.

Fetcher[
sp500
set{x1,ema(20) - ema(40)}
set{x2,cema(x1,1)}
set{x3,cema(x1,1) 1 day ago}
set{x4,x2 - x3}
set{x6,x4 * 150}
set{explosion,abs(x6)}
draw explosion
add column explosion

set{line,upper bollinger band(20,2) - lower bollinger band(20,2)}
draw line on plot explosion
]


The above filter does not show whether the trade should be entered long or short, but I think one look at the chart can tell you which direction should be taken. But below is a version that suggests to short on a break below the green line.

Fetcher[
sp500
set{x1,ema(20) - ema(40)}
set{x2,cema(x1,1)}
set{x3,cema(x1,1) 1 day ago}
set{x4,x2 - x3}
set{explosion,x4 * 150}
draw explosion
add column explosion

set{buyline,upper bollinger band(20,2) - lower bollinger band(20,2)}
draw buyline on plot explosion
set{selline,buyline * -1}
draw selline on plot explosion
]






KSK8
324 posts
msg #146406
Ignore KSK8
2/3/2019 1:32:18 PM

Nice find Mahkoh, unique concept.

StockFetcher Forums · Filter Exchange · Waddah Attar Explosion<< >>Post Follow-up

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