WA Averages NMC Indicator

The WA Averages NMC indicator for MetaTrader 4 (MT4) is a volatility-based technical tool that displays buy/sell signals using the market momentum and the trend direction. However, this technical indicator is the advanced version of the Waddah Attar Explosion indicator developed with the  Non-repainting Multi-timeframe Cluster (NMC) feature for better efficiency.  This version is optimized to work flawlessly on multiple timeframes and to deliver trend-reversal signals that do not repaint. How does the Waddah Attar explosion work? The WA Averages NMC indicator is built with histogram bars of different colors displayed above or below the center line. The position and color of the histogram bars depict the trend direction, which also signifies a buy or sell opportunity. So, when the indicator prints a green or red histogram bar, it suggests a potential bullish/bearish move and a buying/selling opportunity, respectively. How to Use The WA Averages NMC Indicator The above image shows different trend reversal zones identified by the indicator on the EUR/USD currency pair. However, not all trend reversal zones are valid points for buying or selling an asset. Therefore, it is instructive that you pick only the signals that align with the overall trend direction. So, in a bearish trend, for instance, you may open a sell order when the red histogram is displayed below the centerline. Furthermore, price action/other forex trading indicators can help you to filter potential bad signals. Conclusion The WA Averages NMC indicator for MT4 spots the trend reversal zones, which provide an opportunity to buy or sell an asset. Besides, it does not repaint.