Alligator Indicator EA Setup - Setting Up Alligator Indicator Expert Advisor

Alligator Indicator EA Setup - Setting Up Alligator Indicator EA - A trader can come up with an Alligator Indicator EA based on the awesome indicator explained below.

Alligator Indicator EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Alligator Indicator Forex Technical Analysis Signals

Developed by Bill Williams

Alligator indicator is a combination of 3 moving average lines that use fractal geometry and nonlinear calculation.

The three smoothed moving averages are:

• The green-line (Lips) 5-period Smoothed Moving Average, with a shift of Three bars into the future.

• The red-line (Teeth) 8-period Smoothed Moving Average, with a shift of 5 bars into the future.

• The blueline (Jaw) 13-period Smoothed Moving Average, with a shift of 8 bars into the future.

Alligator Indicator EA Setup

Lips, Teeth & Jaw show the interaction of different time periods.

Forex Analysis and Generating Signals

When the Jaw, the Teeth and the Lips are closed or intertwined, it means the Alligator is going to sleep or is asleep already. As it sleeps, it gets hungrier and hungrier - the longer it will sleep, the hungrier it will wake up. The first thing it does after it wakes up is to open its mouth and yawn. Then the smell of food comes to its nostrils: flesh of a bull or flesh of a bear, and the Alligator starts to hunt it. Having eaten enough to feel quite full, the Alligator starts to lose the interest to the food/price (Balance Lines join together) - this is the time to take the profit.

Buy & Sell Signals - Forex Alligator Indicator EA Setup