Bill Williams Alligator

Bill Williams Alligator
Legendary trader Bill Williams, an early pioneer of market psychology, developed a number of original technical indicators in a career that spanned more than five decades.

The Alligator indicator uses three smoothed moving averages, set at 5, 8, and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that slow down indicator turns.

Three moving averages comprise the Jaw (blue), Teeth (red), and Lips (green) of the Alligator, opening and closing in reaction to evolving trends and trading ranges.

The three lines stretched apart and moving higher or lower denote trending periods in which long or short positions should be maintained and managed. This is referred to as the alligator eating with mouth wide open. Indicator lines converging into narrow bands and shifting toward a horizontal direction denote periods in which the trend may be coming to an end, signaling the need for profit taking and position realignment.

Works on any instrument and any timeframe.
REM Alligator Indicator - Bill Williams

// Alligator Blue Line - Jaw
// 13 bar smoothed average future 8 bars
SSMAblue = WilderAverage[13](close[8])


// Alligator Red Line - Teeth
// 8 bar smoothed average future 5 bars
SSMAred = WilderAverage[8](close[5])


// Alligator Green Line - Lip
// 5 bar smoothed average future 3 bars
SSMAgreen = WilderAverage[5](close[3])


RETURN SSMAblue COLOURED(0,0,255) AS"Jaw", SSMAred COLOURED(255,0,0) AS"Teeth", SSMAgreen COLOURED(0,255,0) AS"Lips"
Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. triss1965@gmail.com • 130 days ago #

    HELP, WHY DONT I NOT GOT THE INDICATOR IN CHART. JUST UNDER?????????????

    • Nicolas • 130 days ago #

      Use the wrench on the upper left side of your price chart to add correctly indicator on PRICE.

avatar
Register or

Likes

avatar avatar avatar
Related users ' posts
Nicolas Any group of shares you like!
mal Hi Nicolas, whar for a broker do you use for Future-Tarading with pro real time?
Nicolas Prorealtime trading with interactive broker, more information follow this link: https://trad...
Stenozar Hi Nicolas, does it work with DAX? which indicator you prefer to trade Dax? thanks a lot fo...
Riccardo Benedetti Thanks a lot nicolas for this indicator. good job. I love the great work done simple. Thanks...
Riccardo Benedetti ciao nicolas mi piacerebbe provare a fare un backest di una strategia con questo indicatore ...
Sofitech Ce code n'est valable que sur la V10.3 ? sur le 10.2 il y a une erreur de syntaxe dans le fi...
Nicolas Oui en effet, c'est un indicateur "10.3" à cause uniquement de la mise en forme des courbes ...
piarou Objet : PRC_QEMA | indicator Bonjour, Bizarrement : • les deux paramètres sont en remarqu...
Nicolas En effet, c'est le cas si on copie/colle le code. Ces 2 variables sont inscrites en externes...
Nicolas
3 months ago
Haos Visual
Haos Visual
8
Indicators
Lyny @Nicolas, how can i put this code in ProOder when for example i want to buy 1 share with con...
Nicolas Please open a new topic on forums for coding requests, I'll help you there. 
Johan Swarts Lyny / Nicolas Please advise whether you proceded with the code in ProOrder and if so where...
Nicolas
4 months ago
Holt EMA
Holt EMA
0
Indicators
David Nicolas I've looked at it again and there's a problem.  As an example here's a simple cross...
Nicolas You'll need to preload bars to get the good calculations of you indicators. I did not test i...
David Nicolas I tried DEFPARAM Preloadbars = 5000 And still the same drawn output of entries/exit...
Ernesto1 J'ai essayé avec deux différents I ,  a =  3 périodes et un 3 x 5 = 15 périodes.Ie comme si ...
Wilko Nicolas, anytime I have an idea, I just search for it on ProRealCode and usually you have do...
Nicolas Of course! please add a query in probuilder forum and we'll work together on this indicator ...
Nicolas
4 months ago
Nicolas Because of no data available at the start of calculations. Add this at line 15 : if barindex...
srajtri Hi Nicolas, thanks for your updates and am very new in trading would you guide me to back t...
Nicolas Please post any question on forums, thanks.
luigi Ciao Nicolas. Approfitto di questo spazio per chiederti se puoi aiutarmi. Avrei bisogno di u...
Nicolas Si prega di utilizzare i forum per chiedere richieste di codice per favore.
Wilko Hi Nicolas!, Thanks for providing code for the FRAMA! If I have understood correctly, one s...
bluetime6 Hello Doctrading.   Can you ask you for something? Can you code a screener screen po...
gianlox I added a simple momentum indicator (MACD). I think much better results:   achat = 0v...
gianlox achat = 0 vente = 0 MACD12M = MACDline[12,26,9](close) MACD12S = ExponentialAverage[9](MA...
IGOSNELL Thanks but unfortunately can't read German. If you can show that your strategies can work on...
Nicolas Thank you for contribution. Please consider that advertising is tolerate as long as you cont...
triss1965@gmail.com  Hi, I cant make it work. And if you doing so much money. Why do you have to sell it? It don...
finplus Bonsoir, j'ai de nouveau aujourd'hui lancé la stratégie en réel sur mon compte IG sur la pai...
AleX 0 improvments, I tried a lot of modified version but no one was working. I think that only w...
Fabio Anthony Terrenzio this strategy works only in a well defined trend
Nicolas Ok Doc, beware of intraday, it's a battlefield full of random noises :) Maybe we can work to...
phili711 Bonjour Si la moyenne 100 est au dessus de la moyenne 20 le trend est baissier zlors pourqu...
Nicolas La comparaison se fait entre la valeur de la moyenne actuelle et telle qu'elle était il y a ...

Top