This article has been translated from English to Gen Z Slang.
The Alligator indicator was created by Bill Williams. 📈
The Alligator's vibe check? Confirming the current trendz and their main RSVP. 😎
Aside from ID'ing those trendz, seasoned traders also use the Alligator to slide into opposite moves like a boss. 🐊
Basically, the Alligator's a savage mix of Balance Lines (Moving Averages) that play with fractal vibes and nonlinear dynamics. 🧩
The three Balance Lines are known as the Jaw, the Teeth, and the Lips. 💋
The blue line (Alligator’s Jaw) is the Balance Line for the timeframe that was used to build the chart (13-period Smoothed Moving Average, shifted 8 bars into the future). 🔮
The red line (Alligator’s Teeth) is the Balance Line for the level lower timeframe (8-period Smoothed Moving Average, shifted 5 bars into the future). 🎯
The green line (Alligator’s Lips) is the Balance Line for the level even lower (5-period Smoothed Moving Average, shifted 3 bars ahead). 🚦
Lips, Teeth, and Jaw of the Alligator show how diff timeframes are vibing. 🌟
Clear trends only show up 15 to 30 percent of the time, so ya gotta follow them and avoid playing around with random market moves. 🚀
The Alligator is sleeping. 💤
When the Jaw, the Teeth, and the Lips are on lockdown or kinda tangled, the Alligator's takin' a nap. 😴
While it's snoozing, its hunger just goes up. ⏰
The longer it sleeps, the bigger its appetite when it wakes up. 🍽️
The Alligator wakes up. ☀️
First thing it does upon waking? Opens wide and owns a massive yawn. 😋
The Alligator eats.
Then it sniffs out snacks: bull's beef or bear's meat, and it starts its dinner dash. 🍽️
The Alligator suffers a food coma. 🛌
Once it's stuffed to the gills, the Alligator's totally over food/prices (Balance Lines start cozying up). Time to cash out. 💰
Default Parameters: 🔢
- (13) – Number of Periods to use for Jaw
- (8) – Number of Periods to use for Teeth
- (5) – Number of Periods to use for Lips
- (8,5,3) – Shift for Jaw, Teeth, Lips