The Good way to use Williams Alligator Indicator ? - Forex Day Trading

Alligator, also known as Williams Alligator, is one of the useful indicators out there.
Download Official Trading Rush APP (Thanks): https://bit.ly/tradingrushapp
Support the Channel on Patreon (Thanks): https://www.patreon.com/tradingrush
Trading Merch for Best Traders: https://teespring.com/stores/trading-rush
MACD Trading Strategy tested 100 times : https://youtu.be/nmffSjdZbWQ

Trading Strategies Tested 100 Times : https://www.youtube.com/playlist?list=PLuBdu9GKAoP4shAZd6QnM5BJUy1-IcnyD

Trading Strategies : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6MEtX7stfzTGx62M5r3F4Z

Trading Tips and Mistakes : https://www.youtube.com/playlist?list=PLuBdu9GKAoP6lPl2txSXE8AlkhiwgWU2O

Download Excel Sheet for Day Trading : https://youtu.be/fLKd7uKZOvA

Subscribe For More Videos.

It is really easy to understand, not because of its simplicity, but because of the interesting names it comes with. On Trading View, The Alligator Indicator will come with 3 lines. They look very similar to 3 moving averages. They are called the Jaw, teeth, and lips. That's right. They are called this way, because Alligator indicator works and looks very similar to the Jaw, teeth, and lips of a real alligator.

The legendary trader Bill Williams, created this Alligator Indicator to find the trend in the market. He said, more than 70 percent of the time, the financial market ranges sideways, and trends only 15 to 30 percent of the time. Williams believed that institutional brokers make most money in a strong trending markets. And I'm sure most traders will agree.

This Alligator indicator, is a trend following indicator, and is used to find the Trend direction of a stock or Forex pair. Here's how the Alligator indicator works. When the price is above all the three lines of the alligator, the market is considered to be in an uptrend. Similarly, when the price is below the alligator indicator, the market is considered to be in a down trend.

Furthermore, the three lines, the Jaw, teeth, and lips, work very similar to the mouth of a real life alligator.
If the Jaw, teeth, and lips lines are far away from each other, the market is considered to be in a trend. When these lines are far away, You can also say that the mouth of the alligator is open, and the alligator is awake.

Similarly, when The Jaw, teeth, and lips are close to each other, the market is considered to be in a range. In other words, there is no trend going on. You can say that the alligator is sleeping, since the mouth of the alligator is kind of closed.
And since Bill Williams said, most money is made when market is in a strong trend, you can easily use this indicator to find and avoid range markets.

So, here's how the complete Williams Alligator Trading Strategy Goes.
If price is above all alligator lines, the mouth of the alligator is open, and alligator is awake. And since the alligator is awake, and price is above the alligators mouth, the price is considered to be in an uptrend. The strength of the trend is determined by how far the alligator lines are from each other. If all three lines are far away from each other, there is a strong trend going on. If they are not that far, a decent trend is going on.

On the other hand, If the Alligator lines are close to each other, Market is considered to be in a range. It means, there is no trend going on, and you should avoid taking any positions. You can also say, that the alligator is sleeping. Most new traders lose money in the range markets. You can use this indicator to identify a sideways market to avoid losing money.

Now that we understand how to identify trending and ranging markets using the Williams Alligator Indicator, lets see how some traders use this indicator as an entry signals generator.

That's All.
Like and Share the Video to see More Stock Market Intraday Trading Strategy and Forex Day Trading Strategies

Видео The Good way to use Williams Alligator Indicator ? - Forex Day Trading канала TRADING RUSH