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Alligator Indicators by Bill Williams for Metastock
carla
over 14 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock, oscillator

It consists of three lines, overlaid on a pricing chart, that represent the jaw, the teeth and the lips of the beast, and was created to help the trader confirm the presence of a trend and its direction. The Alligator indicator can also help traders designate impulse and corrective wave formations, but the tool works best when combined with a momentum indicator.

Screenshots

Files

MS90FORM.DTA

Indicator / Formula

Chaos RedChaos GreenChaos GatorChaos Blue
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{Alligator Red Balance Line - Teeth}
{8 bar smoothed average offset 5 bars}
 
Ref(Wilders(MP(),8),-5);
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{Alligator Green Balance Line - Lip }
{5 bar smoothed average offset 3 bars }
 
Ref(Wilders(MP(),5),-3);
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{ Chaos Alligator }
{ Plot as histogram }
 
green := Fml("Chaos Green");
red := Fml("Chaos Red");
blue := Fml("Chaos Blue");
 
If(green > red AND red > blue, green - blue,
If(blue > red AND red > green, green - blue, 0));
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{Alligator Blue Balance Line - Jaw }
{13 bar smoothed average offset 8 bars }
 
Ref(Wilders(MP(),13),-8);

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