Chaos Alligator: Difference between revisions
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Chaos Alligator indicator (or Williams Alligator) is a trend-following indicator based on the idea that financial markets and individual securities usually trend at a lower rate than sideways ranges. It uses smoothed Moving Averages to analyze market trends. The indicator was developed with the thought in mind that both institutions and individuals generally collect more profit when a market is trending strongly.<br> | Chaos Alligator indicator (or Williams Alligator) is a trend-following indicator based on the idea that financial markets and individual securities usually trend at a lower rate than sideways ranges. It uses smoothed Moving Averages to analyze market trends. The indicator was developed with the thought in mind that both institutions and individuals generally collect more profit when a market is trending strongly.<br> | ||
''Chaos Alligator was first introduced by Bill Williams.'' <br> | ''Chaos Alligator was first introduced by a well-known trader and author Bill Williams.'' <br> | ||
The Williams Alligator indicator uses the Simple Moving Average (SMA) indicator in its calculation to add more smoothed averages to the result that generally slow down indicator turns. | The Williams Alligator indicator uses the Simple Moving Average (SMA) indicator in its calculation to add more smoothed averages to the result that generally slow down indicator turns. |