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Alligator Custom

FREE

Published: 6 October 2023

Current version: 1.0

Alligator Custom

Indicators
Agus Pujianto
Version: 1.0

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:

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.
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.
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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Detleff Böhmer 2025.01.24 16:18 #

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Auto SLTP Risk Assistant is an automatic trading tool for MetaTrader 5 designed to help traders set Stop Loss (SL) and Take Profit (TP) accurately based on fixed risk per trade . With a simple and interactive interface, just drag the SL line on your chart and the EA will automatically calculate lot size and TP based on the chosen Risk:Reward ratio , then execute a BUY or SELL order instantly. ️ Key Features: Auto Lot Calculation based on fixed risk (e.g. $10 per trade).

55 USD

Dagangduit Daily Drawdown MT5 Take Control of Your Daily Risk — Trade Smarter, Trade Safer Every professional trader knows that risk management is the key to long-term success. Dagangduit Daily Drawdown MT5 empowers you to monitor your daily drawdown in real time , helping you maintain discipline, protect your capital, and make data-driven trading decisions with confidence. Key Features Real-Time Daily Monitoring Automatically calculates and displays your daily drawdown directly on your M

30 USD

Introduction to the Candle Time Indicator The Candle Time Indicator for MetaTrader 5 (MT5), helps users know how much time on a candlestick is remaining. This is a simple but incredibly powerful and useful tool. To download the Dagangduit CandleTimer.ex5 indicator, check the bottom of this post. It’s one of the best forex time indicators in its category. The function of the indicator will not change, even if you change the name of the indicator. The candlestick countdown timer will tell you how

30 USD

The DD_Profit_Monitor MT5 indicator is a trading tool developed by the Dagangduit Core Team . This indicator is designed to monitor profits in real-time with the following key features: All Time Profit : Displays the total profit earned since the beginning of the trading account's usage. This feature helps traders see the overall performance of their trading activities. Daily Profit : Displays daily profits, allowing traders to monitor their daily performance more specifically. Key Features: Al

30 USD

The DD_ATR MT5 indicator is a trading tool developed by the Dagangduit Core Team . This indicator is designed to calculate and display the Average True Range (ATR) in real-time, providing traders with essential volatility information to aid in their trading decisions. Key Features: ATR Calculation : Calculates and displays the ATR for the selected timeframe. Multiple Timeframes : Displays ATR values for multiple timeframes (M1, M2, M3), giving traders a comprehensive view of market volatility.

30 USD

The DD_PL Running MT5 indicator is a trading tool developed by the Dagangduit Core Team . This indicator is designed to display real-time running profit and loss (P/L), providing essential information about your trading account's performance. Key Features: Real-Time P/L Monitoring : Calculates and displays profit and loss in real-time. Visual Indicator : Uses labels and colors to provide a visual representation of profit and loss status. Customizable Display : Allows adjustment of text color, b

30 USD

55 USD

DD_Wallpaper – Custom Fullscreen & Centered Background for MT5 Charts Transform your MetaTrader 5 (MT5) charts into a more professional, personalized, and inspiring workspace with DD_Wallpaper. This unique indicator allows you to add custom wallpapers or background images in fullscreen or centered mode directly on your MT5 chart. Perfect for traders who want to improve their trading environment with motivation, aesthetics, or even branding. Key Features ️ Custom Chart Wallpaper – Display you

70 USD

DD_SNR_Line – Multi-Timeframe Support & Resistance Indicator for MT5 Enhance your MetaTrader 5 (MT5) charts with precise support and resistance levels directly from your chosen timeframe. DD_SNR_Line allows traders to lock critical price levels from a specific timeframe (e.g., M1) and visualize them on any chart timeframe, ensuring accurate decision-making and better trade management. Key Features Multi-Timeframe S/R Detection – Automatically detects and locks the last support and resista

50 USD

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Detleff Böhmer 2025.01.24 16:18 #

Hilfreicher Indikator. Danke