Bill Williams Alligator

Category: trend

A trend-following indicator consisting of three smoothed moving averages (SMMA) shifted into the future to identify market regimes and trend direction.

Formula

Jaws = SMMA(Median, 13) shifted 8; Teeth = SMMA(Median, 8) shifted 5; Lips = SMMA(Median, 5) shifted 3

Inputs

• InpJawsPeriod (default: 13)
• InpJawsShift (default: 8)
• InpTeethPeriod (default: 8)
• InpTeethShift (default: 5)
• InpLipsPeriod (default: 5)
• InpLipsShift (default: 3)

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