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Alligator Indicators for MetaTrader 4

October 1, 2007

Alligator

“Most of the time the market remains stationary. Only for some 15–30% of time the market generates trends, and traders who are not located in the exchange itself derive most of their profits from the trends. My Grandfather used to repeat: “Even a blind chicken will find its corns, if it is always fed at the same time”. We call the trade on the trend “a blind chicken market”. It took us years, but we have produced an indicator, that lets us always keep our powder dry until we reach the blind chicken market”

Bill Williams

Understanding Alligator Indicator will help you immensely from trade to trade on Forex. Alligator Technical Indicator is a combination of Balance Lines that use fractal geometry and nonlinear dynamics.

  • The blue line (Alligator’s Jaw) is the Balance Line for the timeframe that was used to build the chart (13-period Smoothed Moving Average, moved into the future by 8 bars);
  • The red line (Alligator’s Teeth) is the Balance Line for the value timeframe of one level lower (8-period Smoothed Moving Average, moved by 5 bars into the future);
  • The green line (Alligator’s Lips) is the Balance Line for the value timeframe, one more level lower (5-period Smoothed Moving Average, moved by 3 bars into the future).

alligator-thumb.gif

Lips, Teeth and Jaw of the Alligator show the interaction of different time periods. As clear trends can be seen only 15 to 30 per cent of the time, it is essential to follow them and refrain from working on markets that fluctuate only within certain price periods.

It is based on a 13-period Smoothed Moving Average, moved 8 bars into the future. The red line represents the Alligator’s Teeth. It is based on an 8-period Smoothed Moving Average, moved 5 bars into the future. The green line represents the Alligator’s Lips. It is based 5-period Smoothed Moving Average, moved 3 bars into the future. Lips, Teeth and Jaw of the Alligator show the interaction of different time periods. As the 3 lines move, clear trends develop. The Alligator indicator indicates when to follow the trend and when to refrain from entering the market over certain periods.

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Alligator Indicators for MetaTrader 4, 1.0 out of 10 based on 3 ratings

Comments

23 Responses to “Alligator Indicators for MetaTrader 4”

  1. Daniel on October 23rd, 2007 1:57 am

    YES! I use alligator indicator every day, its wonderful, add it to all your charts, get in when colors flip and you’ll do fine.

      

  2. Melina on December 20th, 2007 3:52 pm

    very interesting. i’m adding in RSS Reader

      

  3. dkeg on January 4th, 2008 8:32 pm

    so how do you go about making the alligator lines…any sites that tell you how to make your own AO?

      

  4. Gforex on January 27th, 2008 2:56 am
  5. metatrader 4 forex brokers on May 5th, 2008 8:42 pm
  6. fx brokers on September 28th, 2008 9:24 am
  7. walter terpening on October 23rd, 2008 3:24 pm

    Sooo, how do you use them? looks very interesting.

      

  8. gwzjkwcp on January 30th, 2009 10:55 pm
  9. Lieven Blanckaert on February 12th, 2009 7:43 am

    As with most moving average indicators, this one also, in my opinion gives time delayed results, and in many cases gives buy indication too late. To really get the punch out of moving averages one has to use muliple timeframes, long term to determen trend, and shorter timeframes to trigger. None of the trading platforms I know of are able with multiple timeframes, if you know one please send me an email.

      

  10. Appeparry on April 13th, 2009 11:56 pm

    I wonder if web industry affected by crisis as well? and to what extend? Will the admins continue this web?

      

  11. yinka on April 16th, 2009 2:51 pm

    Alligator is a time dellayed indicator.It does not give the accurate tikme when to enter and it confussed if you are not really careful.

      

  12. Glisupreell on April 30th, 2009 11:38 pm

    With this swine flu crap we cannot go to Mexico! We got tickets and caboodle that sucks ass!!!

      

  13. thai bar on May 4th, 2009 11:26 am

    Im trying to write my first metatrader MT4 EA, this is useful background information. Keep up the good work!

      

  14. Shoemaker on March 27th, 2010 2:46 pm

    I love the alligator indicator in mt4.

      

  15. eduwardo on March 30th, 2010 4:47 pm

    Alligator indicator is outdated

      

  16. expert advisor on September 22nd, 2010 1:33 pm

    Nice information regarding metatrader shared in this blog, I will be coming back soon to learn more

      

  17. forex on September 22nd, 2010 2:22 pm

    Nice information regarding metatrader shared in this blog, I will be coming back soon to learn more

      

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