It can identify Bullish, Bearish and Sideways market pretty easily. Problem is, traders don't know how to use it effectively. Alligator has three lines:
1. Lips - Fastest Line
2. Teeth
3. Jaws - Slowest Line
William's Alligator is probably the most underrated indicator in moving average category.
Alligator follows the premise that market is sideways for 70% of the time and trending only 30% of the time.
This is where William's Alligator can be a great tool for traders.
Thread 🧵
It can identify Bullish, Bearish and Sideways market pretty easily. Problem is, traders don't know how to use it effectively. Alligator has three lines:
1. Lips - Fastest Line
2. Teeth
3. Jaws - Slowest Line
BUT this does not make it a tradeable indicator in practice. Here is what should be done.
Now, how to use it? with Basic TA and Indicator like MACD
1. As long as price is above Alligator, BANKNIFTY is bullish.
2. As long as MACD is trading above 0 line, BANKNIFTY is bullish.
3. Horizontal Lines are the only S&R.
4. CONGESTION is followed by TREND is followed by CONGESTION.
Bearish Alligator
1. MACD < Signal Line < 0 Line
2. Candle High < Alligator Lips (total body of candle outside alligator)
Trend Change
1. Candle Close > Alligator Jaws
1. Trend was bearish.
2. Candle Closed > Alligator Jaws = Trend Changing
According to TA, once trend is finished, price enters into congestion / sideways zone. Bullish / Bearish break depends upon break from this zone.
Rectangle here denotes congestion.
1. Candle Low > Alligator Lips
2. MACD > Signal Line > 0
In this image as price is moving up, candle is completely above and outside Alligator Lips, with MACD > Signal Line > 0 line denoting trend changing to bullish.
Note - Horizontal breaks are important.
--Even if price occasionally tries to change trend to downside on Alligator, as long as MACD > 0, bias is sideways bullish.
See how price went below alligator but MACD did not.
--Broke the resistance R1 and R2 i.e. a horizontal line at previous high.
--Notice the Alligator hunting to upper side with mouth open.
--Price taking support exactly at Alligator Lips.
--Price > Lips and MACD > 0 = Bullish
--Accumulation/Distribution followed by a trend followed by Accumulation/Distribution
-- Trend turned sideways and bullish breakout.
-Rectangle Pattern
-Identifying Support and Resistance.
-Using Alligator to stay with the trend.
If you liked the thread, do retweet the first tweet.
https://t.co/wVCAZDCJVx
William's Alligator is probably the most underrated indicator in moving average category.
— Rohit Katwal (@rohit_katwal) September 21, 2022
Alligator follows the premise that market is sideways for 70% of the time and trending only 30% of the time.
This is where William's Alligator can be a great tool for traders.
Thread \U0001f9f5 pic.twitter.com/Xav3a7DnGC
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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK
The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.
The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.
"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs
Scholars believe word’s origin in Vedas,known as Swasti mantra;
"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"
It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".
SWASTIK’s COSMIC ORIGIN
The Swastika represents the living creation in the whole Cosmos.
Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.
The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.
"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs
Scholars believe word’s origin in Vedas,known as Swasti mantra;
"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"
It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".
SWASTIK’s COSMIC ORIGIN
The Swastika represents the living creation in the whole Cosmos.
Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.
