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Deviation from Alligator

The indicator signals the appearance of a possible divergent bar based on the shape of the bar and its standard deviation from the Alligator indicator.

A bullish divergent bar is a bar that closes in its upper half (the higher the better), has a lower minimum than the previous bar, and drops sharply away from the Alligator.

A bearish divergent bar is a bar that closes in its lower half (the lower the better), has a higher high than the previous bar, and moves up sharply from the Alligator.

Standard deviation is a measure of how far a value is from its mathematical expectation.


SETTINGS

History - historical signal limit.

Bar closing - a condition for closing a signal bar.

Standard deviation - a coefficient of the distance of the signal bar from the Alligator (the higher the value, the rarer the signals).

Extremum - the number of bars by which highs and lows are determined.

Up arrow color - bullish signal color.

Down arrow color - bearish signal color.

Alerts - signal notification.

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Pavel Zamoshnikov
4.83 (12)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
Altri dall’autore
The indicator signals the appearance of a possible divergent bar based on the shape of the bar without angulation detection. A bullish divergent bar is a bar that closes in its upper half (the higher the better), has a lower minimum than the previous bar, and drops sharply away from the Alligator indicator. A bearish divergent bar is a bar that closes in its lower half (the lower the better), has a higher high than the previous bar, and moves up sharply from the Alligator. SETTINGS History - h
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