Alligator Indicator Expert Advisor Setup - Setting Up Alligator Indicator Expert Advisor

Alligator Indicator Expert Advisor Setup - Setting Up Alligator Indicator Expert Advisor - A trader can come up with an Alligator Indicator Expert Advisor based on the awesome indicator explained below.

Alligator Indicator Expert Advisor rules can be combined with other trading indicators to come up with other EA Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Alligator Indicator Forex Technical Analysis Signals

Developed by Bill Williams

Alligator indicator is a combination of three moving average lines that use fractal geometry & 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 blueline (Jaw) 13-period Smoothed Moving Average, with a shift of 8 bars into the future.

Alligator Indicator Expert Advisor Setup

Lips, Teeth and Jaw show the interaction of different time periods.

Forex Technical Analysis & Generating FX 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 & Sell Signals - Forex Alligator Indicator Expert Advisor Setup