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 investopedia.com/articles/trading/072115/exploring-williams-alligator-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!
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Phát hành các Ghi chú
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Change the default "Life Line" Color to Blue and "Cloud" color to silver for White and Black Back Ground