Alligator Metatrader 4 Forex Indicator

The Alligator technical indicator was introduced by Bill Williams.

This indicator follows the trend with the help of 3 smoothed moving averages.

By default, the following values are used: the 13-period smoothed moving average (known as the Jaw), the 8-period smoothed moving average (known as the Teeth) and the 5-period smoothed moving average (known as the lips).

The Alligator MT4 indicator reduces the number of false trend trades through the use of smoothening moving averages.

Free Download

Download the “Alligator.mq4” MT4 indicator

The USD/JPY 15 Min chart below shows the Alligator forex indicator in action.

Example Chart

Basic Trading Signals

The Alligator indicator is a typical crossover system indicator.

Buy trade conditions:

  • the 5-period smoothed moving average above the 8-period smoothed moving average and above the 13-period smoothed moving average
  • the 8-period smoothed moving average above the 13-period smoothed moving average

Sell trade conditions:

  • the 5-period smoothed moving average below the 8-period smoothed moving average and below the 13-period smoothed moving average
  • the 8-period smoothed moving average below the 13-period smoothed moving average

Download

Download the “Alligator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (Jaws Period, Jaws Shift, Teeth Period, Teeth Shift, Lips Period, Lips Shift) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the Alligator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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