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Trend
Williams Alligator
ALLIThree Wilder-smoothed moving averages of the median price (high+low)/2, each using a different period: the slow Jaw (13), medium Teeth (8), and fast Lips (5). When the lines are intertwined the market is sideways ('sleeping'); when they diverge and fan out a trend is in motion ('eating').
Tips
Enter a trend only when all three lines are fanned out in order (lips above teeth above jaw in uptrend); flat or tangled lines mean stay out
The wider the gap between the lines, the stronger the trend; lines starting to converge signal the trend may be losing momentum
Parameters
Jaw Period
2 - 100
Teeth Period
2 - 100
Lips Period
2 - 100