How to Set Alligator on MetaTrader 4 Charts - Adding MT4 Alligator Indicator
Step 1: Open the Navigator Window on Trading Platform
Open Navigator panel like is shown & illustrated below: Go to the 'View' menu (click on it), then select 'Navigator' window (press), or From Standard ToolBar click the 'Navigator' button or press key board short-cut keys 'Ctrl+N'
On Navigator panel, choose 'Indicators', (DoublePress)
How to Set Alligator on MT4 - MetaTrader 4 Alligator Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Alligator MT4 Chart Indicator
Expand this menu by pressing the enlarge(+) button target " + " or doubleclick the 'indicators' menu, after that the button will appear and be shown as (-) & will now display a list as is shown below - choose the Alligator chart indicator from this list of indicators so that to add the Alligator on the chart.
How to Set Alligator - From the Above window you as a trader can then place Alligator that you want on the chart
How to Set Custom Alligator to MT4
If the indicator you want to add is a custom technical indicator - for example if the Alligator you as a trader want to add is a custom indicator you will need to first add this custom Alligator on the MT4 software & then compile custom Alligator so that as the newly added Alligator custom indicator pops up on the list of custom indicators in Meta Trader 4.
To learn how to install Alligator indicators in the MT4, how to add Alligator window to MT4 and how to add Alligator custom technical indicator in MetaTrader 4 - How to add a custom Alligator on MT4 Platform.
About Alligator Tutorial Explained
Alligator Analysis & Alligator Signals
Developed by Bill William
Alligator indicator is a combination of 3 Moving Average lines which use fractal geometry and nonlinear calculation.
The 3 smoothed MAs are:
- The green (Lips) 5 period Smoothed Moving Average, with a shift of 3 bars into the future.
- The red line (Teeth) 8-period Smoothed Moving Average, with a shift of 5 bars in to the future.
- The blue line (Jaw) 13-period Smoothed MA, with a shift of 8 bars in to the future.
Lips, Teeth & Jaw show the interaction of various time periods.
Forex Analysis and Generating Signals
When the Jaw, the Teeth & the Lips are closed or intertwined, it means that the Alligator is going to sleep or is already asleep. As it continues to sleep, the more it gets hungrier & hungrier - the longer it'll continue to sleep, the more hungrier it'll be the time it wakes up. First thing it does after waking up is to open its mouth wide and yawn. Then smell of nice food comes to its nostrils: the 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 interest to the food/price (Balance Lines come together) - this is the time to take the profit.
Alligator Buy & Sell Signals - Alligator Buy Sell Signals
Study More Courses & Guides:
- How is SX5E Index Traded in the MT4 & MetaTrader 5 Software Platform?
- List of MetaTrader 5 XAU/USD Brokers Reviews
- How to Set RVI Indicator in MT4 Forex Chart
- William % R Trading Buy Sell Signal
- How to Set Bulls Power in Chart in MetaTrader 4 Platform Software
- Grid, Volumes, Auto Scroll and Chart Shift on MT4 Trading
- How Can I Trade SX 50 Strategy?
- How to Implement A Successful Gold Strategy Guide