WAAB - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The indicator WAAB (Waddah Attar ADXxBollinger) is designed to identify the direction and strength of the current trend. For this purpose, a signal combination of two indicators is used: Advanced_ADX and Bollinger Bands.
The indicator is produced in the form of a histogram, with its bars colored green when the price increases. Red means falling. The larger the bar (of any color), the stronger the trend.
It has three configurable parameters:
WAAB = (TL-BL) * ADX
Where:
Attachment download
📎waab.mq5 (10.81 KB)
Source: MQL5 #21170
WAAB - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
WAAB - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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