The Alligator indicator helps you identify the trend, its direction and strength. The simplicity of the indicator is just awesome, because it is consisted of three lines:
Green: the SMA of the high and low price from the last 13 periods, time-forwarded by 8 bars.
Red: the SMA of the high and low price from the last 8 periods, time-forwarded by 5 bars.
Blue: the SMA of the high and low price from the last 5 periods, time-forwarded by 3 bars.

The Alligator indicator helps you identify the trend, its direction and strength. The simplicity of the indicator is just awesome, because it is consisted of three lines:
Green: the SMA of the high and low price from the last 13 periods, time-forwarded by 8 bars.
Red: the SMA of the high and low price from the last 8 periods, time-forwarded by 5 bars.
Blue: the SMA of the high and low price from the last 5 periods, time-forwarded by 3 bars.

These three lines represents the Alligator’s mouth: The green are the lips, the Red are the teeth and the blue are the jaws.

Alligator

Download Alligator for ECN2 Trader Platform

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PowerScript Alligator Source Code