NOTE
If you are new to this indicator, Ihave started the strategy thread here. I do however also encourage reading this thread for some back ground. Thank you.
I found this very interesting indicator created by Waddar Attar on the Codebase site.
His take on the use is
"Indicator Waddah_Attar_Explosion is very powerful. It alerts you to buy , sell , exit buy and exit sell." source:
http://codebase.mql4.com/1000
From a visual check it looks very promising.
Let play with it and see how effective it is.
The author suggests 30TF and 1H TF