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.
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.
More from Trading
Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.
Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.
Be aware, the images the #farright are sharing in the hopes of starting a race war, are not of the SPAR employee that was punched. They\u2019re older photos of a Everton fan. Be aware of the information you\u2019re sharing and that it may be false. Always #factcheck #GeorgeNkencho pic.twitter.com/4c9w4CMk5h
— antifa.drone (@antifa_drone) December 31, 2020
Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.
There is a concerted effort in far-right Telegram groups to try and incite violence on street by targetting people for racist online abuse following the killing of George Nkencho
— Mark Malone (@soundmigration) January 1, 2021
This follows on and is part of a misinformation campaign to polarise communities at this time.
The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
