In principle, Alligator made of 3 Moving Averages (MA), among which are:
1. MA colored blue called "Jaw Alligator" (Jaws Period: 13, shift: 8)
Describes the current market conditions at the time frame we currently use. Example: today we use the TF D1
2. Red colored MA called "Alligator Teeth" (Teeth Period: 8, shift: 5)
Describes the market conditions in 1/5 time frames MA Blue. Example: if earlier we use TF D1, then 1/5 TF TF is H1
3. Green colored MA called "Alligator Lips" (Lips Period: 5, shift: 3)
Describes the market conditions on the Red MA 1/5 time frame. For example, when the red MA as TF H1, then in green MA is an illustration of TF M5.
Air-MA third method: Smoothed; Apply: Median price HL / 2. If there is a trend buy the candle is on top of the mouth of Alligator, whereas if there is a trend sell it under the candle is at the mouth of Alligator.
Characteristics Alligator indicator is an indicator group with characteristics "Langging", in which the Alligator will bring up the signal when the price has moved, or in other words the signal which appears more slowly than prices in the candlestick. Traders use this indicator as a compass to see whether the market is in a state trending, or sideway.
Setting parameters of existing recommendations on Alligator consists of a method 13, 8, and 5. However, the authors would recommend:
1. MA blue: 8
2. MA red: 5
3. MA Green: 3
Reason changes to the MA, due to smoother and faster than the signal indicates default on Alligator congenital metatrader.
The advantages of the Alligator indicator is:
1. Being able to detect momentum a market
2. It could mark the end of a trend
3. Simple
4. Can be used in all pairs and time frames
5. Can protect the entry of non-trending market
Shortage of the Alligator indicator are: 1. Signal can not be used on the sideway
2. Late
Backtest You can see examples of Alligator indicator that the setting has been modif, below:
Conclusion Alligator indicator can be used to determine trends, both long-term trends and short-term. However, you need to be vigilant and carefully considering the Alligator indicator is a lagging indicator, the required additional indicator in the transaction, for example RSI.
Describes the current market conditions at the time frame we currently use. Example: today we use the TF D1
2. Red colored MA called "Alligator Teeth" (Teeth Period: 8, shift: 5)
Describes the market conditions in 1/5 time frames MA Blue. Example: if earlier we use TF D1, then 1/5 TF TF is H1
3. Green colored MA called "Alligator Lips" (Lips Period: 5, shift: 3)
Describes the market conditions on the Red MA 1/5 time frame. For example, when the red MA as TF H1, then in green MA is an illustration of TF M5.
Air-MA third method: Smoothed; Apply: Median price HL / 2. If there is a trend buy the candle is on top of the mouth of Alligator, whereas if there is a trend sell it under the candle is at the mouth of Alligator.
Characteristics Alligator indicator is an indicator group with characteristics "Langging", in which the Alligator will bring up the signal when the price has moved, or in other words the signal which appears more slowly than prices in the candlestick. Traders use this indicator as a compass to see whether the market is in a state trending, or sideway.
Setting parameters of existing recommendations on Alligator consists of a method 13, 8, and 5. However, the authors would recommend:
1. MA blue: 8
2. MA red: 5
3. MA Green: 3
Reason changes to the MA, due to smoother and faster than the signal indicates default on Alligator congenital metatrader.
The advantages of the Alligator indicator is:
1. Being able to detect momentum a market
2. It could mark the end of a trend
3. Simple
4. Can be used in all pairs and time frames
5. Can protect the entry of non-trending market
Shortage of the Alligator indicator are: 1. Signal can not be used on the sideway
2. Late
Backtest You can see examples of Alligator indicator that the setting has been modif, below:
Conclusion Alligator indicator can be used to determine trends, both long-term trends and short-term. However, you need to be vigilant and carefully considering the Alligator indicator is a lagging indicator, the required additional indicator in the transaction, for example RSI.
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