ToTitans - Williams Alligator with Life Line
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 investopedia.com/articles/trading/072115/exploring-williams-alligator-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"
- Change the default "Life Line" Color to Blue and "Cloud" color to silver for White and Black Back Ground
- Change the source of Life Line from Close to Low
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact lertsak directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact lertsak directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.