the_batman

True Williams Alligator (SMMA)

The built-in implementation of the alligator is incorrect. It uses SMA with altered input parameters to approximate the true alligator indicator.

The alligator was created with a supercomputer to model the elliott wave - it's very apart from other MA techniques. The built-in approximation (and similar techniques) and the true alligator yield very different conclusions. Hence the need for this, a true and exact implementation of "The Mighty Alligator" ( Bill Williams , Trading Chaos 1, New Trading Dimensions, Trading Chaos 2).

Note: First script submission. Didn't mean to use this chart. Ugly and messy. Oops.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
study("True Williams Alligator (SMMA)", overlay=true)
smma(src, length) =>
    smma = na(smma[1]) ? sma(src, length) : (smma[1] * (length - 1) + src) / length
    smma
jawLength = input(13, "Jaw Length")
teethLength = input(8, "Teeth Length")
lipsLength = input(5, "Lips Length")
jawOffset = input(8, "Jaw Offset")
teethOffset = input(5, "Teeth Offset")
lipsOffset = input(3, "Lips Offset")
jaw = smma(hl2, jawLength)
teeth = smma(hl2, teethLength)
lips = smma(hl2, lipsLength)
plot(jaw, "Jaw", blue, offset=jawOffset)
plot(teeth, "Teeth", red, offset=teethOffset)
plot(lips, "Lips", green, offset=lipsOffset)

Comments

how does this help with EW?
+5 Reply
Hi

1) Can this be used with Crypto Trading ?
2) Can the offset to changed to 0 as then it is more accurate on 1hr chart?
+1 Reply
iDS7 GarethSA
@GarethSA, Absolutely it can be used for any trading. Offset it how you like, howevre the purpose of the alligator is quite deep and you may want to look into it a bit.
Reply
thanks for putting this together man, amazing, loving that youre into ew, all my buddies think im insane...maybe a bt =0) thanks again
Reply
Overlayed this Indicator with the built In Alligator on my chart & they seem to come up identical.
Reply
Doppelkeks Andydray
@Andydray, Yes, must be a hoax.
Reply
thank you.
Reply
Is that super smoothed?
Reply
SparkyFlary SparkyFlary
Is it Wilders?
Reply
Hi

1) Can this be used with Crypto Trading ?
2) Can the offset to changed to 0 as then it is more accurate on 1hr chart?
Reply
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