What Is It?
Legendary trader Bill Williams, an early pioneer of market psychology, developed the trend-following Alligator indicator, which follows the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time. Williams believed that individuals and institutions tend to collect most of their profits during strongly trending periods. You also can find more detail here www.investopedia.com...igator-indicator.asp
Differentiation
Suitable for
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Legendary trader Bill Williams, an early pioneer of market psychology, developed the trend-following Alligator indicator, which follows the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time. Williams believed that individuals and institutions tend to collect most of their profits during strongly trending periods. You also can find more detail here www.investopedia.com...igator-indicator.asp
Differentiation
- Add Fill the line as a cloud for easier chart interpretation / trend interpretation
- Add EMA 5 (Life Line) for using with Going through the cloud and Exiting from the cloud
This indicator has been used in AJ Jim class for "Type 2" approach
Suitable for
- Intra Day Trading (20m-2h)
- TFEX:S501!
"PM me to obtain access"
Notes de version:
- Change the default "Life Line" Color to Blue and "Cloud" color to silver for White and Black Back Ground
Notes de version:
- Change the source of Life Line from Close to Low