The Alligator Indicator avaible in mt4
Hi indian-forex forum members, today in this thread I will explain The alligator indicator which a lot of traders don't use it because they think that it is complicated, but you have to know that it is not hard and you will find it helpfull after you understand it.
First thing you need to know is that this indicator avaible in mt4, you can find it in this way.
http://image.prntscr.com/image/ffae3...83c05a2765.png
This indicator is used in markets characterized by a particular pattern of trading, It fits great with support and resistance lines.
You can also use some other indicators with this indicator, which may help to understand the market moves more.
How to use it
http://image.prntscr.com/image/4ae58...c544d0a6fb.png
The index of the moving averages and are composed 13, 8 and 5, Unformed, each with a displacement compatible with 8, 5 and 3 sequence, And considered decoder and crocodile teeth and lips and painted blue and red and green. Crocodile be asleep when they are three intertwined.
Increasing the distance between the intermediates means wake-up crocodile and refers to the approach of the beginning of the fishing any price movement.
The moving averages are behind each other towards the top (blue and red behind the Red and the Green)
The increasing distance between them, Means that the upward path, which is a strong signal to buy.
Movement averages down in reverse order, It testifies to the bearish path, and can be seen as a sell signal.
Gattor oscillator:
Purpose
http://image.prntscr.com/image/8324a...b4460736a2.png
This is an additional indicator of the index alligator, and uses him and shows the consensus / divergence averages three degrees, he said, referring to the hunger phases or crocodile sleep, any stages or the growth of price ranges.
Use it
As a wobbling in the form of graphs Michklin drawings on both sides of the zero line,
The wobbling alligator reflects the full difference between alligator and decoding between his teeth (averages between blue and red) in positive territory.
In negative territory reflects the full difference between the crocodile's teeth and the lips (averages between red and green).
Colored bars in green if the values exceed the values of previous bars, Or they are colored red if the values are decreasing.
Side rails with values coincide with intense movements of the track.
The periods of activity crocodile
Divided into the following four periods:
Wake-up crocodile - different colors rods from both sides of the zero line.
Crocodile eats - green bars on both sides of the zero line.
Alligator may satiation - during eating shows rod red color of one of the parties
Alligator asleep - are bars on both sides of the color red.