Bill Williams introduced the Alligator indicator in 1995. There are three lines of SEMA, 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’s Jaw, the “Blue” line, is a 13-period Smoothed Moving Average,...
Usually people call it with many other names, but anyway its one of the indicators developed/used by Bill williams & as any other strategy if you apply with proper plan you can win most of the time & make money. It depends on how you apply & if you have bit of coding skills, try it out with trade signal generation in Pine script.
Happy Trading :)
Seems Alligator gone to sleep. So, need to wait for Awakening Alligator.
Small Notes about Bill Williams Alligator
Sleeping Alligator – this is when we shouldn’t be in the market
Awakening Alligator – this is when we should get ready to hop in the market
Eating Alligator – this is when we should be in the market
Awakening Alligator at the level - 9922