Forex indicator AntiAlligator works on the principle of Bill Williams, but with the opposite effect, giving entry signals in the form of arrows.
The indicator AntiAlligator can be useful for many traders. AntiAlligator is a trend indicator, although it can also be used for scalping on M5 and M15 timeframes.
The basis of the AntiAlligator indicator is the Bill Williams Alligator indicator, known to almost all traders, but having a peculiar effect of a photographic negative – where the Williams indicator recommends opening a long position, AntiAlligator recommends selling. At the same time, as can be seen in the chart above, its signals are reliable and, in some way, discredit Williams’ theory for small timeframes.
The AntiAlligator indicator does not redraw the arrows, but sometimes the arrows that have already appeared may disappear. However, if the arrow appeared on the first candle and is confirmed by a bar at the bottom of the chart, such a signal does not disappear.
Features of AntiAlligator MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In AntiAlligator.zip file you will find:
Download AntiAlligator MT4 indicator for free: