Waddah Attar Explosion Histogram

There are three components to this indicator; green histograms, red histograms, and a red “explosion” line.
The red histogram indicates the current downtrend.
The green histogram indicators the current uptrend.
The yellow line’s direction shows the “explosion” price up or down.
Long Signal:The green histogram is higher than the yellow line.
Short Signal:The red histogram bar is higher than the yellow line. Best used as a volume indicator, only trade when the histogram is above the line. You will also notice that signal quality improves if you trade above the line and the lines slope is positive (the line going up shows volume is increasing)