The Strongest Alligator indicator is an improved value of the classic Alligator by Bill Williams. The classic Alligator is based on Fibonacci numbers and is a combination of three smoothed moving averages (SМMA) with periods 5, 8 and 13, which are part of the Fibonacci sequence. In this case, the moving averages are shifted forwards by 3, 5, and 8 bars, respectively, which are numbers from the same sequence (preceding the corresponding period values).
The Strongest Alligator indicator is based on seven Fibonacci numbers (using the same principle as the classic Alligator), and decomposes the market situation, similar to notes, allowing you to "hear" whole gamut of its sound.
Specifically: Strongest Alligator allows seeing the market trends of different timeframes on one chart. As a result, it is easy to visually identify not only the states of (A) price consolidation near a level (convergence and interlacing of lines, which become horizontal), (B) the beginning of trends ("opening the mouth of a crocodile") and (C) their ends (interlacing of lines, indicating a new consolidation), as in the classic Alligator, but also (D) rollbacks of trends.
Namely, if the "mouth of the crocodile" is widely open on moving averages with large periods, which have a trend identified on their timeframes, while a consolidation starts on the moving averages of smaller scales, then a trend rollback is likely to take place. At the same time, the length of a trend on the corresponding timeframe is usually proportional to the length of the preceding consolidation area (of the same scale), where the market remains most of the time (70%-80%), which provides additional information for evaluating the market situation, i.e. allows seeing if a trend rollback is beginning or ending.
Strongest Alligator is a combination of seven smoothed moving averages (SМMA) with periods 3, 5, 8, 13, 21, 34, 55 shifted forward by 2, 3, 5, 8, 13, 21, 34 bars, respectively. At the same time, any of these lines can be disabled, providing the ability to form a suitable appearance of the indicator for your purposes. You can remove the line shifts.
Indicator parameters
The Strongest Alligator indicator is based on seven Fibonacci numbers (using the same principle as the classic Alligator), and decomposes the market situation, similar to notes, allowing you to "hear" whole gamut of its sound.
Specifically: Strongest Alligator allows seeing the market trends of different timeframes on one chart. As a result, it is easy to visually identify not only the states of (A) price consolidation near a level (convergence and interlacing of lines, which become horizontal), (B) the beginning of trends ("opening the mouth of a crocodile") and (C) their ends (interlacing of lines, indicating a new consolidation), as in the classic Alligator, but also (D) rollbacks of trends.
Namely, if the "mouth of the crocodile" is widely open on moving averages with large periods, which have a trend identified on their timeframes, while a consolidation starts on the moving averages of smaller scales, then a trend rollback is likely to take place. At the same time, the length of a trend on the corresponding timeframe is usually proportional to the length of the preceding consolidation area (of the same scale), where the market remains most of the time (70%-80%), which provides additional information for evaluating the market situation, i.e. allows seeing if a trend rollback is beginning or ending.
Strongest Alligator is a combination of seven smoothed moving averages (SМMA) with periods 3, 5, 8, 13, 21, 34, 55 shifted forward by 2, 3, 5, 8, 13, 21, 34 bars, respectively. At the same time, any of these lines can be disabled, providing the ability to form a suitable appearance of the indicator for your purposes. You can remove the line shifts.
Indicator parameters
- Price type. Values: Close price, Open price, High price, Low price, Median price ((high + low)/2 – default), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
- The averaging method. Values: Simple, Exponential, Smoothed (default), Linear weighted.
- Use the averaging period 55? Values: true, false.
- Use the averaging period 34? Values: true, false.
- Use the averaging period 21? Values: true, false.
- Use the averaging period 13? Values: true, false.
- Use the averaging period 8? Values: true, false.
- Use the averaging period 5? Values: true, false.
- Use the averaging period 3? Values: true, false.
- The moving averages shifting? Values: true, false.
You can download or buy the indicator from the links Strongest Alligator MT 4 or Strongest Alligator MT 5 .