Waddah Attar Explosion Indicator for ThinkorSwim

BenTen

BenTen

Administrative
Staff
VIP
Here is the Waddah Attar Explosion Indicator converted by Syracusepro from Pinescript to ThinkorSwim. I also found this indicator on MQL5 as well.



Some notes I found:

> From looking at the code, it looks like an mix between Standard MACD and iBands Displayed as a seperate window flat indicator.

> So the Green and Red lines correspond with MACD

> The Sienna line looks like it indicating the explosive price power

> The Blue line indicated the dead zone - no trade.

> All logic seems to be looking at the Close price

> So Green is Buy and Red is Sell.

> If Green is above Blue and Siena - Signal Buy

> If Red is above Blue and Siena - Signal Sell

> Exit the Open Buy when Green goes below Blue Dead Zone.

> Exit the Open Sell when Red goes below Blue Dead Zone.
thinkScript Code
Rich (BB code):
declare lower;

#------------- "Waddah Attar Explosion " ------------#

input sensitivity = 150; #"Sensitivity"
input fastLength = 20; #"FastEMA Length"
input slowLength = 40; #"SlowEMA Length"
input channelLength = 20; #"BB Channel Length"
input mult = 2.0; #"BB Stdev Multiplier"
input deadZone = 20; #"No trade zone threshold"

script calc_macd{

    input source = close;
    input fastLength = 20;
    input slowLength = 40;

    def fastMA = movAvgExponential(source, fastLength);
    def slowMA = movAvgExponential(source, slowLength);

    plot out = fastMA - slowMA;

}

script calc_BBUpper{

    input source = close;
    input length = 20;
    input mult = 2.0;

    def basis = simpleMovingAvg(source, length);
    def dev = mult * stdev(source, length);

    plot out = basis + dev;

}

script calc_BBLower{

    input source = close;
    input length = 20;
    input mult = 2.0;

    def basis = simpleMovingAvg(source, length);
    def dev = mult * stdev(source, length);

    plot out = basis - dev;

}

def t1 = (calc_macd(close, fastLength, slowLength) - calc_macd(close[1], 
fastLength, slowLength)) * sensitivity;

def t2 = (calc_macd(close[2], fastLength, slowLength) - 
calc_macd(close[3], fastLength, slowLength)) * sensitivity;

def e1 = (calc_BBUpper(close, channelLength, mult) - calc_BBLower(close, 
channelLength, mult));

#//
def e2 = (calc_BBUpper(close[1], channelLength, mult) - calc_BBLower(close[1], channelLength, mult));

def trendUp = if t1 >= 0 then t1 else 0;
def trendDown = if t1 < 0 then (-1 * t1) else 0;

plot tUp = trendUp; #"UpTrend"
#Also try using columns to see how it looks.
tUp.setpaintingStrategy(paintingStrategy.HISTOGRAM);
tUp.assignValueColor(if trendUp < trendUp[1] then color.light_GREEN else 
color.green);

plot tDn = trendDown; #"DownTrend"
tDn.setpaintingStrategy(paintingStrategy.HISTOGRAM);
tDn.assignValueColor(if trendDown < trendDown[1] then color.orange else 
color.red);

plot ex = e1; #"ExplosionLine"
ex.setdefaultColor(createColor(160, 82, 45));

plot xLine = deadZone; #"DeadZoneLine"
xLine.setdefaultColor(color.blue);

#------------- "Waddah Attar Explosion " ------------#
Shareable Link
http://tos.mx/BM3O4c

 
Last edited:
T

Topas

New member
This is a Awesome Indicator .... I have seen it on MT4 Platform and lot of Forex Trader use it ...

 
Last edited:
T

Topas

New member
Just try it on my TOS but dont plot anything on FOREX Pair... Only plot it on STOCKS

But it should plot it on anything .... Since i do Binary I need to see it on FOREX PAIR. Thank you

 
Last edited:
BenTen

BenTen

Administrative
Staff
VIP
@Topas Glad to hear positive feedback about it. Is it still the same version as the one on MT4? Any differences or anything missing in the ToS version?

 
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