How to Add MT5 Alligator Indicator on MT5 Charts
Step 1: Open MT5 Software Navigator Panel
Open MT5 Navigator panel as explained in the MetaTrader 5 example below: Go to 'View' menu (click), then select the 'Navigator' panel (click), or From Standard Tool Bar click 'Navigator' button or press keyboard MetaTrader 5 short-cut keys 'Ctrl+N'
On MetaTrader 5 Navigator window, choose "Indicators", by DoubleClick
How Do You Use MT5 Alligator Indicator in MetaTrader 5?
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 be displayed as (-) and will now display MT5 indicators list as explained on the MT5 example below - select the Alligator indicator from this list of MT5 indicators so that you can add the Alligator MT5 technical indicator in the MT5 forex chart.
How Do I Use MetaTrader 5 Alligator Indicator on MT5?
How to Place Custom Alligator Indicator in 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 technical indicator in the MT5 platform & then compile custom Alligator indicator so that the newly added Alligator MT5 custom indicator pops up on the list of custom indicators in the MT5 platform.
To learn how to add Alligator indicators on MT5 software - how do you add Alligator indicator window to MT5 platform? - how do you add Alligator custom indicator on MetaTrader 5 platform? - How to add custom Alligator custom indicator on MT5.
How Do You Use Alligator MT5 Indicator?
Alligator Indicator Analysis Buy & Sell Signals
Developed by Bill William
Alligator MT5 indicator is a combination of three moving average lines that use fractal geometry & nonlinear calculation.
These three smoothed Moving Averages are:
- The green line - Lips 5 period Smoothed Moving Average with a shift of 3 candlesticks bars into 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 into the future.
How Do I Use MetaTrader 5 Alligator Indicator in MetaTrader 5?
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 asleep already. As Alligator MT5 indicator sleeps, it gets hungrier and 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 food comes to its nostrils: 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 the interest to the food/price - Balance Lines join together - this is the time to take the profit.
How Do I Use MetaTrader 5 Alligator Indicator on MT5?
How Do I Use MetaTrader 5 Alligator Indicator in MetaTrader 5?
