How Do You Use Alligator MT5 Indicator?
Alligator Indicator Analysis Buy and Sell Signals
Created by Bill William
Alligator MT5 technical indicator is a combination of three moving average lines that use fractal geometry and nonlinear calculation.
These three smoothed MAs are:
- The green line - Lips 5 period Smoothed MA with a shift of 3 candlesticks bars into the future.
- The red line - Teeth 8 period Smoothed MA with a shift of 5 bars into the future.
- The blue line Jaw 13 period Smoothed MA with a shift of 8 bars into the future.
How Do You Use MetaTrader 5 Alligator Indicator?
Lips, Teeth and Jaw show the interaction of different time frame periods.
How to Generate Buy and Sell Signals
When the Jaw, the Teeth & the Lips are closed or intertwined, it means the Alligator MT5 technical indicator is going to sleep or is asleep already. As Alligator MT5 technical indicator sleeps, it gets hungrier and hungrier - the longer Alligator MT5 technical indicator will sleep, the hungrier it will wake up. The first thing Alligator MT5 technical indicator does after it wakes up is to open its mouth and yawn. Then the smell of food comes to its nostrils: flesh of a bull or flesh of a bear, and the Alligator MT5 technical indicator starts to hunt it. Having eaten enough to feel quite full, the Alligator MT5 technical indicator starts to lose the interest to the food/price - Balance Lines join together - this is the time to take the profit.
How Do I Use MT5 Alligator Indicator?
How to Add MT5 Alligator Indicator in Meta Trader 5 Charts
Step 1: Open MT5 Navigator Window
Open MT5 Navigator panel as shown below: Go to 'View' menu (click), then choose 'Navigator' panel (click), or From Standard Tool-Bar click 'Navigator' button or press keyboard MT5 short-cut keys 'Ctrl+N'
On MetaTrader 5 Navigator window, select "Indicators", by DoubleClick
How Do You Use MetaTrader 5 Alligator Indicator?
How to Add Alligator MT5 Indicator
Expand the menu by clicking the expand button (+) or double click the 'indicators' menu, after this the button will appear as (-) & will now show a list of MT5 technical indicators as shown below - choose the Alligator indicator from this list of MT5 technical indicators so that you can add the Alligator MT5 indicator in the MT5 chart.
How Do I Use MetaTrader 5 Alligator Indicator?
How to Install and Place Custom Alligator Indicator MetaTrader 5
If the MT5 indicator that you want to add on the MT5 charts is a custom MT5 indicator - for example if the Alligator indicator that you want to add is a custom MT5 indicator you will need to first add this custom Alligator MT5 indicator in the MT5 platform and then compile this custom Alligator indicator so that this newly added Alligator MT5 custom indicator appears on the custom indicators list in the MetaTrader 5.
To learn how to add Alligator indicators in MetaTrader 5 - how do you add Alligator indicator window to MT5 platform? - how do you add Alligator custom indicator on MT5? - How to add a custom Alligator custom indicator on MetaTrader 5.
How Do You Use MetaTrader 5 Alligator Indicator?
