Bill Williams Alligator

Category: trend

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

Formula

Jaws = SMMA(Median Price, 13, 8 shift)\nTeeth = SMMA(Median Price, 8, 5 shift)\nLips = SMMA(Median Price, 5, 3 shift)

Inputs

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

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