these index has regular settings. the new modification of indicator offers special marking of the section when the moving averages cross by one direction or another. The cross of the Alligator lines suggests a possible change in the direction of the price movement. The altered Alligator allows the dealer to determine the tendency for a particular interval, even in the minutes of intertwining the indicator lines that have a shift to the future. The trend is regarded as led in the direction in which the Alligator lines intersect and there’s a corresponding marking of the intersection region. This function of the modified indicator allows you to avoid uncertainty in the interpretation of the trend direction, even during periods of intertwining lines on a specific timeframe.
It should be noted that the prevailing trend is the trend on a higher timeframe. For example, if the Alligator lines on the daily period are directed upwards, then the intersections of the indicator lines on the 4-hour or hourly chart in the opposite direction are less important and indicate a possible correction in the directional trend of the daily range. Closing the price below the blue line (the “Jaw” line) or below the level at which the directional “cross of lines” is located may indicate a weakening of the directional trend in the analyzed range. In addition, the method of displaying the “cross of lines” helps the trader to determine the angulation of the price to the balance lines and the parallelism of the market.
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The indicator is included in the software package for the Trading Chaos strategy and is recommended for use with the following software products:
- Trading Chaos Expert
- Trading Chaos Chart
- Modified Awesome Oscillator
- Spread and Swap monitor
- Auto Format
- Fractal breakout level
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