Alligator indicator training 

The Alligator   was created by a man named  Bill Williams  . It consists of three lines in blue, red and green. Each of these lines is a  moving average  that shows the market trend.

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The following image shows an example of this indicator:

Blue Line:  The line that  simple moving average  is the crocodile jaw  (jaw)  is known. The time period in which it is considered is usually 13 days, which has been applied to the previous 8 candlesticks. It is calculated by the following formula:

Red line:  This line, which is a  simple moving average  , is known as crocodile  teeth , the period of time in which it is considered, is 8 days, which is applied to the last 5 candlesticks. It is calculated by the following formula:

Green line:  This line is also a  simple moving average  , which is known as crocodile  lips  and the period of time in which it is considered is 5 days, which has been applied to the previous 3 candlesticks and from It is calculated by the following formula:

The following image shows an example of these three colors in the indicator:

How to add Alligator indicator tutorial in the software

By selecting Indicator in the Bill Williams section,  this indicator is specified.

As shown in the figure above, the three indicator colors are given in the indicator settings.

As shown in the image, the parameters menu specifies the time period of each of the colors used in the indicator.

Indicator applications

1. Identify the beginning and end of a process within a specified time frame
2. This indicator, along with other indicators (indicators that measure the speed of stock changes) can be used to determine the new stock price.
3. Another important use of this indicator is that traders who use  Elliott Waves  for their trades can easily count the waves using this indicator. In this way, when the transaction price is outside the crocodile’s mouth, a new wave is formed, which is called the kinetic wave, and when the price is inside the crocodile’s mouth, the correction wave It is being formed.

Different indicator modes

For this indicator, three different modes are considered, as we said, it is assumed that the indicator is very similar to the crocodile. Based on this similarity, three different modes are considered for the crocodile, which include the following:

1. Sleep Mode:  When the indicator enters this mode, all three moving averages begin to overlap. (When this happens, there is no trend share)
2. Hunger:  It is in this situation that there is no trend in the market for a certain period of time. And in general it is preparing to enter a new trend.
3. Satisfaction mode:  This mode is when all three moving average lines are separated from each other. (In this case, a new trend in the market is being formed)

Identify trends through the  Alligator indicator

• Downward trend:  When the crocodile’s lip is at the bottom and the crocodile’s jaw is at the top, we see a downward trend.

The following figure shows an example of a downward trend in the share of oil in the hourly chart:

• Ascending trend:  When the crocodile’s lip is at the top and the crocodile’s jaw is at the bottom, the ascending trend will be formed.

The following image, which is a daily chart of shares and oil, shows an example of an uptrend:

Conclusion

Identifying trading positions is one of the most important features of the Alligator indicator. This indicator is formed based on the trend of each share, but as we know, this indicator alone should not be the basis for trading, but should be alongside Use other indicators.

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