What is the best settings for Alligator indicator?
The Alligator indicator, with a period settings of “13, 8, 5” and shift settings of “8, 5, 3”, is presented in combination with the candlesticks on the above “Daily” chart for the “EUR/USD” currency pair. In the example above, the “Blue” line is the Alligator’s jaw, the “Red”, his teeth, and the “Green”, his lips.
What does the Alligator indicator mean?
The Alligator indicator helps differentiate between trending and resting periods. The indicator consists of three lines, overlaid on a price chart, that represent the jaw, the teeth and the lips of the alligator. It indicates that a trend is in effect and in what direction the trend is moving.
How do you use Alligator indicator on IQ option?
In order to use the Alligator indicator in the IQ Option trading platform, click on the “Indicators” button in the lower left corner of the screen. Then choose “Alligator” from the list of possible indicators. Click the “Apply” button without changing the settings.
How do you read a Gator oscillator?
When the Gator has awoken after sleeping, it is hungry, and this is a time when you should be aiming to enter the market. When the indicator shows green bars either side of the zero line, it suggests the eating phase. When you see this, the trend is likely to be accelerating, and you should try to run your profits.
How do you calculate an Alligator indicator?
The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that slow down indicator turns….Calculation of the Alligator Indicator
- SUM1 = SUM (CLOSE, N)
- SMMA1 = SUM1/N.
- Subsequent values are:
- PREVSUM = SMMA(i-1) *N.
- SMMA(i) = (PREVSUM-SMMA(i-1)+CLOSE(i))/N.
Is alligator a good indicator?
Bill Williams’ Alligator indicator provides a useful visual tool for trend recognition and trade entry timing, but it has limited usefulness during choppy and trendless periods. Market players can confirm buy or sell signals with a moving average convergence divergence (MACD) or another trend identification indicator.
What is Awesome Oscillator indicator?
Awesome Oscillator (AO) is an indicator that is non-limiting oscillator, providing insight into the weakness or the strength of a stock. The Awesome Oscillator is used to measure market momentum and to affirm trends or to anticipate possible reversals.
How do you read market facilitation index?
To calculate Market Facilitation Index you need to subtract the lowest bar price from the highest bar price and divide it by the volume.
What time frame is best for scalping?
one minute to 15 minutes
Scalpers usually work within very small timeframes of one minute to 15 minutes. However, the one- or two-minute timeframes tend to be favoured among scalpers. To action this strategy, you must choose a highly liquid currency pairing, and then you can open an account with us.
How do you use an alligator oscillator?
To add the Gator Oscillator to your chart in Metatrader, click “Insert”, choose “Indicators”, “Bill Williams” and then “Gator Oscillator”. You have the ability to change the parameters for jaws, teeth, and lips.
Which is better MACD or Awesome Oscillator?
AO uses the 34-period and 5-period simple moving average. The MACD indicator uses 26-period and 12-period exponential moving averages along with the 9-period signal line. Using the exponential moving averages would mean that MACD can react quicker compared to the Awesome Oscillator.
What is an alligator indicator?
The alligator indicator is invented by Bill Williams of the Profitunity Trading Group. It is actually a combination of 3 moving averages shifted by some variable periods. The default moving averages in the setup is 13, 8 and 5 moving averages. This indicator is particularly good in trend trading. How do you read an alligator indicator?
How do I add the alligator indicator in MT4?
If you’re using Tradingview, simply go to the ‘indicator & strategy’ section and search for Alligator indicator. For the MT4 platform, here are what you do: click on Insert -> Indicators -> Bill Williams -> Alligator. After clicking on Alligator, a dialogue box with the default setting will appear.
How to change default parameters of alligator indicator in AutoCAD?
Select Alligator and click on it. A small window opens with default parameters of the indicator. The default parameters are Jaw Period 13, Jaw Offset 8, Teeth Period 8, Teeth Offset 5, Lips Period 5 and Lips Offset 3. We can change the default parameters as per own requirement.
Are alligator charts 100% correct?
As with any technical indicator, an Alligator chart will never be 100% correct. False signals can occur, but the positive signals are consistent enough to give a forex trader an “edge”.