Williams Alligator
Williams Alligator: three smoothed moving averages of the median price shifted to the right (jaw, teeth, lips), to tell trending from ranging markets.
How to read it
- Intertwined lines mean the Alligator is sleeping: no trend.
- Lines fanning out in order (lips, teeth, jaw) mean a trend is under way.
- Lines converging again suggest the trend is ending.
Key settings
- Jaw 13 shifted 8, teeth 8 shifted 5, lips 5 shifted 3 (SMMA of the median price).
Good to know
- Drawn on the price pane, over the candles.