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