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The standard Alligator indicator is calculated based on the smoothed moving average (SMMA) and the median price (MEDIAN).

This modification allows you to calculate the indicator based on any combination of the 4 main prices: Close, Open, High and Low, with a choice of one of 6 averaging methods: simple (SMA), exponential (EMA), smoothed (SMMA), linear-weighted (LWMA), double exponential (DEMA), triple exponential (TEMA).

Input parameters:

  • Jaws period – the period of the Alligator’s jaws;
  • Jaws shift-Alligator jaw shift;
  • Teeth period – the period of Alligator teeth;
  • Teeth shift-Alligator teeth shift;
  • Lips period – the period of the Alligator’s lips;
  • Lips shift-Alligator lips shift;
  • Moving average mode-the method of averaging: simple (Simple, SMA), exponential (Exponential, EMA), Smoothed (Smoothed, SMMA), Linear Weighted (Linear Weighted, LWMA), Double exponential (Double Exponential, DEMA) or triple exponential average (Triple Exponential, TEMA);
  • Close – the weight factor of the CLOSE price for calculating the individual price;
  • Open-the OPEN price weighting factor for calculating the individual price;
  • High – the HIGH price weighting factor for calculating the individual price;
  • Low – the LOW price weighting factor for calculating the individual price.

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Example 1. Calculate the indicator based on the OPEN price: Close=0, Open=1, High=0, Low=0.
Example 2. Calculate the indicator based on the WEIGHTED price: Close=2, Open=0, High=1, Low=1.
Example 3. Calculate the indicator based on an individual price constant: Close=6, Open=7, High=1, Low=3. Price=(6*Close 7*Open 1*High 3*Low)/17. 

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