Resolved Question
Is alligator a good forex indicator?
details about alligator
about 1 year ago
Best Answer - Chosen by Asker
Hi,
Alligator is an indicator by Bill Williams and it is basically a combination of 3SMA with different periods to show overall market trend.
In my opinion, since Moving Averages in general are lagging indicators, a combination of 3 of them is going to be a lot lagging indication.
I would actually suggest a use on a high time frame(H1+) to determine long term trend and then a different indicator/s on a lower time frames.
Hope this helps.
about 1 year ago
Source(s):
I think its a lagging indicator. basic indicators are always good.
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about 1 year ago
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Also it detects the trend on each time frame.
about 1 year ago
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