Alligator Indicator: Forex Technical Indicator, Alligator is an indicator designed to signal a trend absence, formation and direction. Bill Williams saw the alligator's behavior as an allegory of the market's one: the resting phase is turning into the price-hunting as the alligator awakes so that to come back to sleep after the feeding is over. The longer the alligator is sleeping the hungrier it gets and the stronger the market move will be.
http://www.ifcmarkets.com/en/ntx-indicators/alligator
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