Go to Add Indicator -> Common -> Fractal Lines Indicator.
@auto1 - Thank you. When (Alligator) lines are opening we put a buy stop one point above the most recent fractal outside of the lines in trend direction Exit: When (Alligator) lines are closing we are closing too.
If you have used the Alligator or Stochastic Oscillator, this indicator may be a little easier to work with. On EUR/USD 1H, March 29th, the indicators are all in equilibrium and the price moved a total of 40pips (15 pips stop loss).You can place a stop order 1 pip or so above or below the fractal lines.Hi AlligatorEffect, please check your personal message in Dukascopy.
@Delossan - Thanks.
Its basic signals are the interaction between the two lines and the divergence. Chased By An UPSET Mother Alligator! This social system affords protection during their most vulnerable life stage from predators such as raccoons, large fish, birds, and even other alligators –mostly large, dominant males. The snout of an alligator is characteristically broad, although the shape can vary slightly among populations and individuals. Alligator - Trend Direction Bill Williams described the Alligator as being a compass, helping to spot the trends and ranges. It is plotted in charts in the form of histogram displaying the market momentum of a recent number of periods compared to the momentum of a larger number of previous periods. The built-in implementation of the alligator is incorrect.
Females remain near the nest during the incubation period, which averages 58 to 63 days. Eggs that incubate at temperatures ranging from 90 to 93 degrees Fahrenheit hatch as males, while those that incubate from 82 to 86 degrees hatch as females. Just like these two indicators, the KDJ isn't used for trading in … The female opens the nest in response to calls from the hatchlings when the eggs are ready to hatch. Of course, dual time-frame trading is one way to minimize whipsaws but that may also entail giving up some pips & profits, which most people might be reluctant to do.
Human conflicts with alligators are rare and generally not serious, but incidents do occur and have been reported. I recommend the alligator trailing.I wouldn't be surprised if it worked well because obviously it looks for breaks out of low-volatility congestion-zones, which will generally offer trades with some of the best RR ratios. Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy. Major ones should have a spread good enough for scalping.
@tulasi, on longer timeframes the procedure is exactly the same. Python vs Alligator 01 -- Real Fight -- Python attacks Alligator by ojatro.