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ToTitans - Williams Alligator with Life Line

lertsak Updated   
Bill Williams Indicators Alligator Indicator alligatorindicator TOT toolsoftitans
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billwilliams alligator alligatorindicator tot toolsoftitans
What Is It?
Legendary trader Bill Williams, an early pioneer of market psychology, developed the trend-following Alligator indicator, which follows the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time. Williams believed that individuals and institutions tend to collect most of their profits during strongly trending periods. You also can find more detail here www.investopedia.com...igator-indicator.asp


Differentiation
  • Add Fill the line as a cloud for easier chart interpretation / trend interpretation
  • Add EMA 5 (Life Line) for using with Going through the cloud and Exiting from the cloud
    This indicator has been used in AJ Jim class for "Type 2" approach

Suitable for
  • Intra Day Trading (20m-2h)
  • TFEX:S501!

"PM me to obtain access"
Release Notes:
  • Change the default "Life Line" Color to Blue and "Cloud" color to silver for White and Black Back Ground
Release Notes:
  • Change the source of Life Line from Close to Low
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact lertsak for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

"PM me to obtain access"

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