Waddah Attar Trend Indicator: MACD Scaled by Average Price

Summary

The Waddah Attar Trend indicator presents a trend measure as a colored histogram. Its calculation multiplies MACD values by an averaged price for the financial instrument, combining a momentum-style input with the asset’s price level. The document identifies the indicator’s author and notes that an earlier version was implemented in MQL4 before this version was published for MQL5.

The description gives no entry or exit rules, parameter guidance, performance results, or comparisons with other indicators. It also does not explain how the histogram’s colors should be interpreted or how the averaging is performed. The implementation depends on classes from a separate smoothing library, so the note describes the indicator’s general calculation rather than providing a complete standalone method. Traders can learn the basic construction, but would need further documentation and testing to assess its signals or suitability.

Key ideas

• The indicator displays a trend measure as a colored histogram.
• It multiplies MACD values by an averaged price for the asset.
• The description does not specify signal rules or performance evidence.
• The implementation relies on a separate smoothing library.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.