The Alligator indicator is a trend indicator which was created by Bill Williams and is thus classified as a Bill Williams indicator under the MT4 indicator suite. The indicator was created as a means to identify trend changes using the behaviour of each of the three components of this indicator.

The colours used in the moving average settings serve to distinguish them for clarity. This is one of the few indicators that employs a triple moving average in-built strategy. Usage of Indicator The alligator indicator can be used in the following ways:. The indicator is a Bill Williams indicator.

The settings shown above are the default settings for the indicator. In terms of appearance, some modifications to the look of the indicator can be made. The moving average lines can be made thicker, and the shift can also be adjusted by any trader who discovers better need for such a function.

The indicator is a native indicator to the MT4 platform. The fact that the Alligator contains three moving averages not only makes it suitable for determination of the trend, it also makes it suitable for use in trading on its own.

This is one of the few indicators with this ability. A typical Alligator trade involves watching out for a cross of the 5SMA green on the 8SMA redand the cross of both moving averages on the 13SMA blue. If the cross is occurs in an upward direction, this is seen as a bullish signal.

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If the broker forex autorizzati italia occurred southwards, this is seen as a bearish condition. The essence of combining both is to get the trend-seeking power of a moving average indicator Alligator with the power of a momentum indicator the Accelerator-Decelerator.

In order not to get a delayed signal, the colour of the AC indicator bars is taken into account wherever the bars are located: Once the bars are green the long trade is taken. After the signals have aligned, allow the price action stock market daily closing prices retrace slightly to bounce off the red Alligator indicator for binary options. This is the point to take a long trade.

There are many ways that the Alligator can be used.

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Some of them are awaiting discovery by budding traders like you. Make sure you practice how to trade each setup on a demo account before using the indicator to trade real money. Also pay attention to risk management. Mail will not be published required. You can use these tags: Contact Us Sitemap Affiliate Program Trading in binary options how to play and winning formula review instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment.

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