CRR Bill Williams

These are SMMA based on the average price (high+low/2):

Jaw – Blue

Slow line, the base of the trend.

Teeth – Red

Medium speed.

Lips – Green/Lime

The fast one, the one that touches the price first.

Trend reading with the Alligator:

🟢 Uptrend (trendUpAlligator):
Lips (green) > Teeth (red) > Jaw (blue)
The alligator is awake and eating UP.

🔴 Downtrend (trendDownAlligator):
Lips (green) < Teeth (red) < Jaw (blue)
The alligator is eating DOWN.

⚪ Range / sleeping market (trendNeutral):
The lines cross, get tangled, without a clear order → better NOT to trade aggressively there.

In the HUD it shows it as:

UPTREND (green)

DOWNTREND (red)

RANGE (gray)

2️⃣ Fractals (▲ and ▼ arrows)

Fractal High (▲ green): possible local top (resistance).

Fractal Low (▼ red): possible local bottom (support).

They serve as:

Points where the price can break through to continue.

Areas where you can place stop losses or breakouts.

3️⃣ AO and AC (trend strength)

AO (Awesome Oscillator): difference of moving averages (5 and 34 of the average price).

AO > 0 → bullish pressure.

AO < 0 → bearish pressure.

AC (Accelerator): AO – average of AO.

AC > 0 → acceleration in favor of the movement.

AC < 0 → the movement slows down or goes against the trend.

In the HUD you see:

AO > 0 | AC > 0 → good tailwind.

AO < 0 | AC < 0 → strong headwind. 4️⃣ Bill Williams MFI (GREEN, FADE, FAKE, SQUAT)

This MFI is based on the candle range/volume and then compares it to the previous candle:

GREEN (Lime) → mfiUp + volUp
Price and volume rise together → real, strong momentum.

FADE (Gray) → mfiDown + volDown
Everything is dying down, price and volume fall → exhaustion.

FAKE (Orange) → mfiUp + volDown
Price rises but volume falls → deceptive movement.

SQUAT (Fuchsia) → mfiDown + volUp
Strong fight between buyers and sellers → explosive zone.

The color you see in the "MFI" HUD is:

Green → healthy momentum

Gray → fading out

Orange → deception

Fuchsia → strong fight, a big move may be coming

5️⃣ Candle Colors (barcolor)

Your script paints the candles like this:

💚 StrongBull (strong buying)

Bullish Alligator (Lips > Teeth > Jaw)

AO > 0

AC > 0

MFI = "GREEN"
→ Bright LIME candle:
👉 strong upward trend, ideal time to look for buying opportunities.

❤️ StrongBear (strong selling)

Bearish Alligator (Lips < Teeth < Jaw)

AO < 0

AC < 0

MFI = "GREEN"
→ Strong RED candle:
👉 strong downward trend, ideal for looking for selling opportunities.

🩵 Normal bullish trend:
Bullish Alligator but without all the strength conditions → TEAL (bluish-green) candle.

🟥 Normal bearish trend:
Bearish Alligator but without full strength → MAROON candle.

⚪ Sideways market:
Everything mixed → translucent GRAY candle (color.gray 60).
👉 Not the best time to enter aggressively. 6️⃣ BUY / SELL Signals (triangles)
✔️ BUY Condition (longSignalCond)

The code requires:

Bullish Alligator → Lips > Teeth > Jaw

AO > 0

AC > 0

MFI = GREEN or SQUAT

close > Lips (green lips) → the price is already above the fast moving average.

When fulfilled:

A green “BUY” triangle appears below the candle.

In the HUD:

Trend: BULLISH (green)

AO / AC: > 0

MFI: GREEN or SQUAT

BW Setup: “SIGNAL: BUY”

Context: “Buying Pressure”

👉 Idea for making money (buys):

Wait for the Alligator to be in a bullish order.

Check that the HUD says BULLISH and AO/AC > 0.

Check MFI: GREEN or SQUAT.

As soon as the BUY triangle appears and the candle is lime/teal, you can:

Enter a buy position.

Place the stop loss below the last fractal low (▼).

Close partially when:

MFI changes to FADE/FAKE or

The candles change to gray/maroon or

The Alligator becomes entangled (loses its order).

❌ SELL Condition (shortSignalCond)

The code requires:

Bearish Alligator → Lips < Teeth < Jaw

AO < 0

AC < 0

MFI = GREEN or SQUAT (strength but downwards)

close < Lips → price below the lips.

When fulfilled:

A red “SELL” triangle appears above the candle.

In the HUD:

Trend: BEARISH

AO / AC: < 0

MFI: GREEN / SQUAT

BW Setup: “SIGNAL: SELL”

Context: “Selling Pressure”

👉 Idea for making money (sells):

Wait for the Alligator to be in a bearish order.

HUD in BEARISH, AO/AC < 0.

MFI in GREEN or SQUAT.

When the SELL triangle appears with a red/maroon candle:

Enter a sell position. Stop above the last fractal high (▲).

Partial exit when:

MFI changes to FADE/FAKE,

The candles turn gray/teal,

Or the Alligator becomes tangled.

7️⃣ When NOT to trade

Avoid:

HUD → “RANGE”

Mostly gray candles.

AO and AC mixed (one >0 and the other <0).

MFI constantly in FAKE/FADE.

In these situations, the system tells you: slow or deceptive market → not suitable for serious trades.

8️⃣ Ultra-short summary (golden rule)

BUY:

Alligator ordered UP (green > red > blue).

AO > 0 and AC > 0.

MFI = GREEN or SQUAT.

Strong green candle (lime/teal) + BUY triangle.

Even better if it breaks a previous fractal low upwards.

SELL:

Alligator ordered DOWN (green < red < blue).

AO < 0 and AC < 0.

MFI = GREEN or SQUAT.

Red/maroon candle + SELL triangle.

Even better if it breaks a fractal high downwards.