Alligator Signal indicator is a forex trading indicator. Alligator signal is a trend following indicator. This forex trading indicator is mainly popular for its accuracy level and consistency. Alligator signal indicator is also a very flexible forex trading indicator. Flexible means it can be used in any time frame and it can be used to trade wide range of assets and derivatives. Alligator signal indicator is popular among the intermediate level traders. Since this indicator is easy to use this indicator is appropriate for beginners too.
When you install Alligator signal indicator in your trading platform, your chart should look like this:
- Alligator signal Indicator
Alligator signal indicator is a group of many blue and red arrows. Red arrows pointing upwards indicate bullish market conditions and blue arrows pointing downward indicates bearish market scenario. Therefore, looking at the general trend of the market you should be buying when you see red arrows and you should be selling when you see blue arrows.
Buying conditions Using Alligator Signal Indicator.
- Market should be up trending.
- Market should be bouncing from the recent support.
- Alligator signal indicator should form red arrows.
- Place your long position when all of the above conditions are met.
- Place your stop loss below the recent support level.
- Take your profit when Alligator signal indicator turns blue.
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Selling Conditions Using Alligator Signal Indicator.
- Market should be down trending.
- Market should be falling from the recent resistance.
- Alligator signal indicator should form blue arrows.
- Place your short position when all of the above conditions are met.
- Place your stop loss above the recent resistance level.
- Take your profit when Alligator signal indicator turns red.
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