The Alligator technical indicator was introduced by Bill Williams.
This indicator follows the trend with the help of 3 smoothed moving averages.
By default, the following values are used: the 13-period smoothed moving average (known as the Jaw), the 8-period smoothed moving average (known as the Teeth) and the 5-period smoothed moving average (known as the lips).
The Alligator MT4 indicator reduces the number of false trend trades through the use of smoothening moving averages.
Free Download
Download the “Alligator.mq4” MT4 indicator
The USD/JPY 15 Min chart below shows the Alligator forex indicator in action.
Example Chart
Basic Trading Signals
The Alligator indicator is a typical crossover system indicator.
Buy trade conditions:
- the 5-period smoothed moving average above the 8-period smoothed moving average and above the 13-period smoothed moving average
- the 8-period smoothed moving average above the 13-period smoothed moving average
Sell trade conditions:
- the 5-period smoothed moving average below the 8-period smoothed moving average and below the 13-period smoothed moving average
- the 8-period smoothed moving average below the 13-period smoothed moving average
Download
Download the “Alligator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Jaws Period, Jaws Shift, Teeth Period, Teeth Shift, Lips Period, Lips Shift) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
Installation
Copy and paste the Alligator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)