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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Currency Strength Matrix
Raymond Gilmour
4.5 (26)
Indicators
THE ONLY CURRENCY STRENGTH INDICATOR BUILT ON PRICE ACTION Most currency strength meters average an oscillator, or measure how far price has travelled. But these are not accurate measures of trend, Currency Strength Matrix measures trend strength, not just if a currency price has gone up or down. Currency Strength Matrix reads market structure . For each of the 28 major pairs it finds the confirmed cycle highs and lows, and decides whether that pair is in an uptrend, a downtrend, or neither. A
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Divergent Bar Form
Yevhen Sereda
Indicators
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 - hi
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