The Alligator technical indicator was introduced by Bill Williams.
This indicator follows the trend with the help of 3 smoothed moving averages.
By default, the following values are used: the 13-period smoothed moving average (known as the Jaw), the 8-period smoothed moving average (known as the Teeth) and the 5-period smoothed moving average (known as the lips).
The Alligator MT4 indicator reduces the number of false trend trades through the use of smoothing moving averages.
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Download the “Alligator.mq4” MT4 indicator
Indicator Chart (USD/JPY M15)
The USD/JPY 15-minute chart below shows the Alligator forex indicator in action.
Basic Trading Signals
The Alligator indicator is a typical crossover system indicator.
Buy trade conditions:
- the 5-period smoothed moving average above the 8-period smoothed moving average and above the 13-period smoothed moving average
- the 8-period smoothed moving average above the 13-period smoothed moving average
Sell trade conditions:
- The 5-period smoothed moving average is below the 8-period smoothed moving average and the 13-period smoothed moving average
- The 8-period smoothed moving average is below the 13-period smoothed moving average
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Download the “Alligator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Jaws Period, Jaws Shift, Teeth Period, Teeth Shift, Lips Period, Lips Shift) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
