Download MT5 Alligator Alert Indicator For Free and receive notifications via Email, App and On Screen when the moving averages of the Alligator are aligned.
What Is The Alligator Indicator
Bill Williams created several technical indicators that together could be used for a trading strategy, one of these indicators is the Alligator.
Bill Williams created this indicator combining the following 3 moving averages:
- Jaw, a Smoothed Moving Average of period 13 and shift 8
- Teeth, a Smoothed Moving Average of period 8 and shift 5
- Lips, a Smoothed Moving Average of period 5 and shift 3
MT5 Alligator Alert Indicator
The Metatrader 5 platform includes the Bill Williams Alligator between its indicators, however this comes without any notification feature.
In many cases it is useful to get a notification when the 3 moving averages are one on top of the other, this situation means there could be a trading opportunity.
You can benefit from this alert in both Trend Following and Trend Reversal strategies.
To repair to this missing feature, you can here Download MT5 Alligator Alert Indicator.
This indicator allows you to receive alerts when the Allgator starts opening its mouth, that is when the Moving Averages are aligned. You can receive notifications via:
- Mobile App
- On Screen
Another interesting feature of the MT5 Alligator Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when the crossover happens.
MT5 Alligator Alert Indicator Installation
To install the MT5 Alligator Alert Indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL5 Folder
- Copy the file in the Indicators Folder
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.