Upon clicking on the same the +n th expiry dialog box opens where 0 is the current week/ month expiry, 1 is the next week/ month, 2 is the week/ month after that. After a trend has been formed, traders can use the Alligator indicator to remain in their position and take necessary steps thereafter. It must also be noted that the indicator may not present a 100% accurate picture and can give rise to false trading signals. However, when the signals are positive, traders can gain an edge and thus earn desirable profits. Traders must therefore develop adequate skills for interpreting as well as understanding the signals offered by the Alligator indicator. Additionally, they must also combine the results with other trading tools and patterns for better confirmation of any potential changes in the trend.

alligator indicator

Always keep that in mind and check the signals received on different timeframes and from different indicators. As you probably already know, it can help youdetermine the strength of the prevailing trend. Its strength can be just as important, especially at shorter time intervals. When the distance between Sample Income Statement the jaw, the teeth, and the lips of the Alligator increases, the trend is becoming stronger. When the lines come in touch with each other, the trend is most certainly dying out. The lips of the alligator, which is green in color, is a 5 period moving average that is shifted three bars ahead.

Keltner Close

To fetch the latest Renko brick, it is suggested to use it with Position . Similarly if I modify the same keyword to look for entries of Buy transactions but the instrument is selected as PE, it will again return 0. This is because no PE has been currently traded in the strategy. The position detail keyword is one of the most important and versatile keywords of Tradetron.

alligator indicator

This will exit your position if the price moves against you for more than the selected % or points from the activate at level. The condition builder will automatically fetch if the position is long or short and based on the same trigger your target or stop loss as needed. The above condition is checking if the LTP of Nifty Bank is between the Previous day(-1) middle and lower Keltner Channels.

What is the address of Earn Money Fx Best Forex Swing Trading Strategy with Alligator Indicator.

This is shifted five bars forward and is smoothed over eight periods. The ‘jaw’ of the alligator, which is the blue colored line, is the slowest when compared to the other two. It is basically a 13 period moving average that is shifted ahead by eight bars. He Alligator indicator is a good tool for detecting trend reversals early and assessing trend strength. It works on both long and short timeframes, but you shouldn’t forget that no one indicator can provide 100% accurate signals.

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Such a lag in getting a trade signal leads to a partial loss of profit. Further, this lag functions as a filter and helps eliminate insignificant and false signals. The Alligator Forex indicator consists of three moving averages called jaws, teeth and lips.

How does an Alligator indicator work?

It uses three moving averages, set at five, eight, and 13 periods. The three moving averages comprise the Jaw, Teeth, and Lips of the Alligator. The indicator applies convergence-divergence relationships to build trading signals, with the Jaw making the slowest turns and the Lips making the fastest turns.

The alligator indicator basically consists of 3 lines that are displayed on a price chart, which represents the jaw, teeth and lips of an alligator. It helps traders in creating appropriate forex strategies by confirming trends and their directions. This particular indicator also helps the traders in designating impulse as well as corrective wave formation.

What categories is Earn Money Fx Best Forex Swing Trading Strategy with Alligator Indicator listed in?

PNL is a strategy level keyword, generally kept in universal exit, even if kept in set exit, it will still return the overall profit/loss combining all the sets. This keyword will return a numerical value of the PUT-CALL ratio based on open interest at that instant. This keyword returns the Net Theta of open positions in selected underlying for strategy. In the example share above, the condition on line one checks if the max profit of the strategy is greater than 2500. One can thus select any number at which he wants his TSL to get activated.

The Alligator indicator composed of three smoothed moving averages, set at five, eight, and 13 periods, which are all Fibonacci numbers. Traders will occasionally add an “Oscillator” like the “CCI” to enhance the value of the trading signals. The EMA indicator is regarded as one of the best indicators for scalping since it responds more quickly to recent price changes than to older price changes. Traders use this technical indicator for obtaining buying and selling signals that stem from crossovers and divergences of the historical averages. A stochastic oscillator is a popular technical indicator for generating overbought and oversold signals.

This is the first level of segregation when you can choose what instrument you need. Tradetron offers NSE, NFO, MCX and CDS for Indian stock markets. We also offer BITBNS for crypto, FX for forex and NASDAQ-eq. One thumb rule to follow here is that, if you need to do anything related to cash market or stock equity, you can select NSE. If you list needs to take entries based on cash segment you can select NSE too.

Traded Instrument Name

This keyword will fetch the current lot size of an instrument and return an integer number of the same. Lot size can be used in combination with other keywords to make comprehensive formulae to achieve a specific mathematical operation. Its specially useful when using lists and will only work on futures and option instruments.

This keyword returns the RSI of any period of the selected Instrument. In the above configuration, we are basically checking the net quantity of the strategy whether it is 0 or not. If it is 0, that means no set is active and anyone set can be active.

alligator indicator

The short-term EMAs represent traders, or speculators, who are attempting to capture short-term profits. Divergence with the price indicates an end to the current trend, especially if the MACD is at extreme high or low values. This keyword returns the value of the Volume Price Trend of the selected Instrument. In the example above, we are comparing the LTP with the high of the signal candle to take an entry on the breakout of the same. The Typical Price Indicator function measures the average of the high, low, and closing prices for the day using a simple, single-line plot. The above image shows how to fetch the Total OI for Nifty bank, current month put options.

When the green line moves beyond the slower line it indicates a buying signal. If each of the three widens and moves higher, it implies that the market is witnessing an upward trend. In case the lines move down as well as widens after a selling signal, it means there is a downward trend in the market. With the conclusion of the market https://1investing.in/ trend, the lines come together. The faster moving green colored line indicates that the beast is fully satisfied and hence it’s the best time for traders to take their profits. However, one of the disadvantages of this particular indicator is that it makes it difficult to read the fresh or opening signals at the right time.

Which indicator works best with Alligator?

The Alligator indicator can also help traders designate impulse and corrective wave formations, but the tool works best when combined with a momentum indicator. In the example to follow, the Commodity Channel Index (CCI) is used for this purpose.

The above image shows how to fetch the max OI strike for Nifty Bank, current month put options. Since we are performing a mathematical operation on two series values, you need to use Position keyword here and select math series operation in the same. This keyword is used to perform a mathematical operation on two series data types. The above image is of the keyword to find the lot size of Nifty 50 current week ATM CE.

  • Trading strategies usually require multiple technical analysis indicators to increase forecast accuracy.
  • In the example share above, the system will trigger and exit when the PNL of all HDFCBANK instruments are greater than or equal to 500.
  • Max profit is a strategy level keyword and will take into account the total realized and unrealized profit of all positions taken.
  • Thus it is suggested to add a time condition along with the ORB condition as an AND.
  • It shows traders the average price of their trades, over a specific time.
  • Traders use this technical indicator for obtaining buying and selling signals that stem from crossovers and divergences of the historical averages.

The above example will return the net quantity of ADANIENT in the strategy. This has two inputs, CE or PE which you can select according to what is needed. This keyword returns the Historical Volatility, the output ranges from 0 to 1.