Forex Alligator Indicator Expert Advisor Setup - Setting Up Alligator Indicator Expert Advisor
Forex Alligator Indicator Expert Advisor Setup - Setting Up Alligator Indicator Expert Advisor - A Forex trader can come up with an Alligator Indicator Expert Advisor based on the awesome indicator explained below.
Forex Alligator Indicator Expert Advisor rules can be combined with other Forex trading indicators to come up with other EA Forex Robots that trade using rules based on two or more indicators combined to form a forex trading system.
Alligator Indicator Forex Technical Analysis Forex Trading Signals
Developed by Bill Williams
Alligator indicator is a combination of three moving average lines that use fractal geometry and nonlinear calculation.
The three smoothed moving averages are:
- The green line (Lips) 5-period Smoothed Moving Average, with a shift of 3 bars into the future.
- The red line (Teeth) 8-period Smoothed Moving Average, with a shift of 5 bars into the future.
- The blue line (Jaw) 13-period Smoothed Moving Average, with a shift of 8 bars into the future.
Forex Alligator Indicator Expert Advisor Setup
Lips, Teeth and Jaw show the interaction of different time periods.
Technical Analysis and Generating Signals
When the Jaw, the Teeth and the Lips are closed or intertwined, it means the Alligator is going to sleep or is asleep already. As it sleeps, it gets hungrier and hungrier - the longer it will sleep, the hungrier it will wake up. The first thing it does after it wakes up is to open its mouth and yawn. Then the smell of food comes to its nostrils: flesh of a bull or flesh of a bear, and the Alligator starts to hunt it. Having eaten enough to feel quite full, the Alligator starts to lose the interest to the food/price (Balance Lines join together) - this is the time to take the profit.
Buy and Sell Signals - Forex Alligator Indicator Expert Advisor Setup
