![]() ALLIGATOR'S TEETH - the medium red SMA:ĪLLIGATORS TEETH = SMMA (MEDIAN PRICE, 8, 5), MEDIAN PRICE = (HIGH + LOW) / 2.ALLIGATOR'S JAW - the slowest blue SMA:ĪLLIGATORS JAW = SMMA (MEDIAN PRICE, 13, 8), MEDIAN PRICE = (HIGH + LOW) / 2.The indicator is drawn on the chart, three MAs are calculated: Calculation formula, characteristics, settings Alternatively, in the Navigate window, you can find Alligator in the Indicators folder and drag it by left-clicking to the chart. You can install it to the chart by clicking the Main menu - Insert - Indicators - Bill Williams - Alligator. The Alligator indicator is featured by most popular trading platforms, including MT4 and MT5. When its stomach is full, the Alligator loses interest in the food (price) and the lines start converging - the time comes for closing the positions and locking in profit. The Alligator decides upon its prey, be it careless bulls or bold bears, and starts the hunt. When the Alligator wakes up, it opens its mouth, and the jaw, teeth, and lips lines start diverging. The longer the Alligator sleeps, the hungrier it becomes - the stronger will be the movement when it wakes up. ![]() When they are closed or intersected, this means the Alligator is falling asleep or sleeping the market is in a flat without a visible trend. The jaw, teeth, and lips represent three timeframes on the chart. The lips are a green SMMA with period 5 and a shift forward for 3 candlesticks.The teeth are a red SMMA with period 8 and a shift forward for 5 candlesticks.It is a Smoothed MA with period 13 and a shift forward for 8 candlesticks. He suggests making a profit during the trends detected by Alligator.Īlligator is comprised of three Smoothed Moving Averages: According to the author, most of the time the market does not move anywhere, and trends emerge during only 15-30% of the time. Description of the Alligator indicatorĪlligator is a trend indicator that gives signals of a new trend beginning in the market. He is known for his several books about trading, "Trading Chaos" among them, and his school "Profundity Trading Group". In this article, we will discuss the Alligator indicator, created by a well-known exchange guru Bill Williams.
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