First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible.
This is a version of Waddah Attar Explosion with Traders Dynamic Index.
WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD...
Variety Moving Average Waddah Attar Explosion 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...
The purpose of this script is to decipher chop zones from runs/movement/explosion. See description in the code.
Added scaler to remove indicator rendering problems.
The purpose of this script is to decipher chop zones from runs/movement/explosion
The chop is RSI movement between 40 and 60
tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored black, a series of black bars is tight consolidation and should explode imminently. The...
![USDCAD: Variety Moving Average Waddah Attar Explosion (WAE) [Loxx]](https://s3.tradingview.com/l/L7WGgs0b_mid.png "Variety Moving Average Waddah Attar Explosion (WAE) [Loxx]")
