The Alligator trend indicator for MT5 delivers awesome buy and sell trading signals for any pair and time frame.
It’s a popular stand-alone trend trading indicator used by many Forex traders.
The Alligator indicator consists of 3 signal lines, better known as the Jaws, Teeth and Lips.
Default period settings:
- Jaws period 13
- Teeth period 8
- Lips period 5
Buy and sell trends from Alligator for MT5:
- A buy trend occurs when the Lips signal line is positioned above the Teeth and Jaws signal lines AND the Teeth signal line is positioned above the JAWS signal line as well.
- A sell trend occurs when the Lips signal line is positioned below the Teeth and Jaws signal lines AND the Teeth signal line is positioned below the JAWS signal line as well.
Use the Alligator for any trade style of your preference and experiment with its different signal periods.
Deploy this technical indicator on any currency pair, stocks, indices, Gold,…
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Alligator Forex Trend Signal Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Alligator Forex Trend Signal Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open buy when the Alligator’s green line is positioned above the red and blue line AND the Alligator’s red line is positioned above the blue line as well.
Place stop loss 3 pips below previous swing support, or use your own stop loss placement method.
Exit the buy trade for a reward to risk 1.8:1 ratio or use a fixed profit target, for instance 20 pips on the 1-min scalper chart.
Sell Trigger: Open sell when the Alligator’s green line is positioned below the red and blue line AND the Alligator’s red line is positioned below the blue line as well.
Place stop loss 3 pips above previous swing resistance, or use your own stop loss placement method.
Exit the sell trade for a reward to risk 1.8:1 ratio or use a fixed profit target, for instance 50 pips on the 1-hour swing trading chart.
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Jaws period, Teeth period, Lips period, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Alligator trend
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.