![]() In keeping with this line of thinking, the Alligator indicator consists of three moving averages, each smoothed over different time-frames, which he called 'balance lines'. The longer it has slept, the hungrier the beast - in other words, the more pronounced the trend will be.īill Williams was insistent that a successful trader will know the structure of the market. ![]() Eventually the alligator awakens and sets off in pursuit of its prey. periods of sideways movement - is like a sleeping alligator. The idea is that the absence of a trend in the market - i.e. The alligator analogy is designed to help describe some of the behaviours of the market as it goes from non-trending to trending. Bill Williams also had a penchant for animal analogies, which goes some way in explaining the naming of the Alligator technical indicator. Instead of the dryness of the ATR or the RSI - Bill Williams opted for, for example, the awesomely-named Awesome Oscillator Indicator. It can also be used to identify the absence of a trend.īill Williams indicators tend to have more colourful names than your average analytical tool. The Alligator Indicator - devised by US trader Bill Williams - is designed to identify when a trend may be forming and what the direction of that trend is. Trend indicators attempt to signpost those key times when a trend may be forming. Combining the Forex Alligator Indicator With Other Trading Tools.How to Use the Alligator Indicator in MetaTrader 5.Alligator Indicator: The Three Balance Lines.
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