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    cTrader Alligator Indicator

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    The Alligator Indicator is another great indicator by Bill Williams who was an early pioneer of market psychology to help identify trends and trend reversals, it uses smoothed moving averages to help the trader with their trade decisions. This indicator is the perfect companion in conjunction with the Gator indicator which identifies the strength of a symbol.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0.0
    Updated: Thursday, 9 June 2022
    Author: ClickAlgo Team

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    cTrader Software

    This type of indicator that was invented by Bill Williams uses Three (3) x smoothed moving average (SMA) indicators calculated using five, eight and 13 periods (5,8,13) which are all Fibonacci Numbers, one of the indicators uses the simple moving average type to slow down the indicator.

    The calculations are as follows for the (SMA):

    • The Sum of the closes prices x periods back.
    • Smoothed moving average of 1st candle.
    • Smoothed Sum of the previous candle.
    • Smoothed moving average of the current candle.


    Technical Analysis

    The financial markets trend just 15-30% of the time, this means that the prices running in channels or sideways moving with no real trend strength 70-85% of the time. The Gator indicator is a technical analysis tool that uses three moving averages to create the Jaw, Teeth and Lips of the Alligator, The Jaw will make the slowest turn in direction and the Lips will show the fastest tun, as you can see below the green line (Lips) has turned the quickest and the blue line (Jaw) turns the slowest.


    cTrader Alligator Indicator


    How to Trade Using this Indicator

    This indicator is very easy to use, there are three (3) lines on the chart which represent the Jaw (blue), Teeth (red) and Lips (green), as you can see from the above chart, when the lines are close together the trend is moving sideways and the alligators mouth is closed, in this scenario you do nothing when the Lips and the Teeth begin to widen you get ready to trade and when the jaw starts to open you enter a trade. 


    Combine with Gator Oscillator

    On its own this indicator will just tell you when a trend may start or change direction, the creator of this indicator (Bill Williams) recommends that you also use the Gator Oscillator indicator as an additional indicator to determine the strength of the trend, this indicator can be downloaded for free form our website.


    cTrader Gator Indicator


    Indicator Settings

    This Gator indicator provides settings to help you tailor it for all symbols and timeframes, we suggest that you experiment until you find the best values for the traded symbol, you can also change the colour and thickness of each bar.


    cTrader Alligator Indicator Settings


    How To Install & Open

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.

    Remember, this is an Indicator.


    Any Questions?

    If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.


    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.