Description
Sample Alligator Indicator
Three lines are overlaid on a pricing chart, that represent the jaw, the teeth and the lips of the alligator, and was created to help the trader confirm the presence of a trend and its direction. The Alligator indicator can also help traders designate impulse and corrective wave formations, but the tool works best when combined with a momentum indicator.
The Alligator’s mouth is closed and he is said to be sleeping If the three lines are entwined. While sleeping, he gets hungrier. The Alligator wakes and starts eating when the lines separate and the trend takes shape.
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AK
akleanthous
Joined on 11.07.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Sample Alligator.algo
- Rating: 0
- Installs: 7837
- Modified: 13/10/2021 09:54
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