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Alligator Custom

The "Alligator" indicator is a powerful technical analysis tool designed to assist traders on the MetaTrader 5 (MT5) platform in identifying market trends and potential price reversal points. This indicator is based on a concept developed by Bill Williams, a renowned technical analyst in the world of trading.

How the Indicator Works:

The Alligator indicator operates by using three Moving Average (MA) lines with different periods. These three lines are:

  1. Jaws: This is a Moving Average line with a specific period used to identify a sleeping or consolidating market phase. On the chart, this line is typically shown in blue.

  2. Teeth: This is a Moving Average line with a shorter period compared to the Jaws. It is used to recognize a trend that is beginning to awaken and move upwards or downwards. The Teeth line is usually displayed in red on the chart.

  3. Lips: This is a Moving Average line with an even shorter period. It represents the most recent price action in the price movement. On the chart, this line is shown in green.

Trading Signals:

The Alligator indicator provides informative trading signals based on the relationship between these three MA lines. Some common signals generated by this indicator include:

  • Strong Trend: When all three Alligator lines move in parallel and sequentially, it indicates a strong trend. This can be a good time to consider entering the trend.

  • Weak Trend or Consolidation: When the three Alligator lines cross or mix together, it can indicate a weak trend or a market consolidation phase. In such situations, traders may want to exercise caution and consider avoiding entering the market.

  • Reversal Signals: When the Alligator lines start to change direction or cross each other, it can be a potential signal for a trend reversal. This can help traders identify potential entry or exit points.

Differences from the Built-in MT5 Alligator:

  • Visual Appearance: This custom version of the Alligator indicator has a predetermined visual appearance with blue (Jaws), red (Teeth), and green (Lips) lines, and these colors cannot be changed by the user. In contrast, the built-in MT5 Alligator allows users to customize the colors of the lines according to their preferences.

  • Period Settings: Both versions of the indicator allow users to adjust the periods of each line (Jaws, Teeth, Lips) according to individual trading preferences. This allows for greater customization to match trading styles.

Conclusion:

The Alligator indicator is a valuable tool for identifying trends and potential price reversals in financial markets. The choice between the custom Alligator version and the built-in MT5 Alligator depends on visual preferences and the level of customization desired by the trader. It is a tool that can assist traders in making better trading decisions in various market conditions.


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Italo Trend Indicator MT5
Italo Santana Gomes
4.9 (10)
Indicadores
BUY INDICATOR AND GET EA FOR FREE AS A BONUS + SOME OTHER GIFTS! ITALO TREND INDICATOR  is the best trend indicator on the market, the Indicator works on all time-frames and assets, indicator built after 7 years of experience on forex and many other markets. You know many trend indicators around the internet are not complete, does not help, and it's difficult to trade, but the Italo Trend Indicator is different , the Italo Trend Indicator shows the signal to buy or sell, to confirm the signal t
Blahtech Supply Demand MT5
Blahtech Limited
4.54 (13)
Indicadores
Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
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Barend Paul Stander
4.64 (14)
Indicadores
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High
PZ Harmonacci Patterns MT5
PZ TRADING SLU
3 (5)
Indicadores
Este es posiblemente el indicador de reconocimiento automático de formación de precios más completo que puede encontrar para la plataforma MetaTrader. Detecta 19 patrones diferentes, toma las proyecciones de Fibonacci tan en serio como usted, muestra la zona de reversión potencial (PRZ) y encuentra niveles adecuados de stop-loss y take-profit. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Detecta 19 formaciones de precios armónicos difer
IX Power MT5
Daniel Stein
4.17 (6)
Indicadores
IX Power   lleva por fin la insuperable precisión de FX Power a los símbolos que no son de Forex. Determina con exactitud la intensidad de las tendencias a corto, medio y largo plazo de tus índices, acciones, materias primas, ETF e incluso criptodivisas favoritas. Puede   analizar todo lo   que su terminal le ofrece. Pruébalo y experimenta cómo   tu timing mejora significativamente   a la hora de operar. Características principales de IX Power Resultados de cálculo 100% precisos y sin rep
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4.71 (49)
Indicadores
Introduciendo       Indicador Quantum Trend Sniper   , el innovador indicador MQL5 que está transformando la forma en que identificas y negocias los cambios de tendencia. Desarrollado por un equipo de comerciantes experimentados con experiencia comercial de más de 13 años,       Indicador de francotirador de tendencia cuántica       está diseñado para impulsar su viaje comercial a nuevas alturas con su forma innovadora de identificar cambios de tendencia con una precisión extremadamente alta.
Meco Ultimate Channel
Thapelo Kapwe
5 (1)
Indicadores
This indicator belongs to the family of channel indicators. These channel indicator was created based on the principle that the market will always trade in a swinging like pattern. The swinging like pattern is caused by the existence of both the bulls and bears in a market. This causes a market to trade in a dynamic channel. it is designed to help the buyer to identify the levels at which the bulls are buying and the bear are selling. The bulls are buying when the Market is cheap and the bears a
Easy Buy Sell Signal Alert
Franck Martin
4.33 (6)
Indicadores
Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
The 1 2 3 Pattern Scanner MT5
Reza Aghajanpour
5 (19)
Indicadores
** All Symbols x All Timeframes scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "123 scanner group" for sharing or seeing experiences with other users. After 17 years of experience in the markets and programming, Winner indicator is ready. I would like to share with you! Introduction The 123 Pattern Scanner indicator with a special enhanced algorithm is a very repetitive common pattern finder with a high success rate . Interestingly, this Winner in
ZigZag Lines MTF for MT5
Taras Slobodyanik
5 (10)
Indicadores
Indicador ZigZag de múltiples marcos temporales. Muestra las líneas horizontales de soporte/resistencia y sus rupturas, además de dibujar los objetivos actuales del mercado. También puede mostrar líneas del indicador Fractales y velas de otros períodos (hasta Trimestral). El indicador vuelve a dibujar el último punto (actual) y, en algunos casos, puede cambiar los últimos 2 o 3 puntos. Todas las líneas están dibujadas como objetos (no como buffers de indicadores, pero existe la posibilidad
Gold TMAFractal MTF 5
Sergei Linskii
Indicadores
Gold TMAF MTF - es el mejor indicador técnico bursátil. El algoritmo del indicador analiza el movimiento del precio de un activo y refleja la volatilidad y las posibles zonas de entrada. Las mejores señales del indicador: - Para VENTA = límite superior rojo de TMA2 por encima del límite superior rojo de TMA1 + indicador fractal rojo por encima + flecha amarilla de señal SR en la misma dirección. - Para COMPRA = límite inferior azul de TMA2 por debajo del límite inferior azul de TMA1 + i
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