Standard Alligator Indicator (Engl. Alligator) is calculated on the basis of the smoothed moving average (SMMA) and the median price (MEDIAN).
This modification makes it possible to calculate the indicator, based on any combination of the 4 basic price: Close, Open, High and Low, with a choice of one of six averaging methods: Simple (SMA), exponential (EMA), smoothed (SMMA), linear-weighted (LWMA) double exponential (DEMA), triple exponential (TEMA).
- Jaws period – the period of the jaws Alligator;
- Jaws shift – shift jaws Alligator;
- Teeth period – the period Alligator teeth;
- Teeth shift – Alligator shift teeth;
- Lips period – the period of the lips Alligator;
- Lips shift – shift Alligator lips;
- Moving average mode – averaging method: a simple (Simple, SMA), the exponential (Exponential, EMA), smoothed (Smoothed, SMMA), linear-weighted (Linear Weighted, LWMA), double exponential (Double Exponential, DEMA) or triple exponential average (Triple Exponential, TEMA);
- Close – CLOSE weighted price index to calculate individual prices;
- Open – weighting OPEN prices to calculate individual prices;
- High – weighted price index HIGH to calculate individual prices;
- Low – LOW price weighting coefficient for the calculation of individual price.
Example 1. Calculate the price indicator for OPEN: Close = 0, Open = 1, High = 0, Low = 0.
Example 2. Calculate the price indicator WEIGHTED: Close = 2, Open = 0, High = 1, Low = 1.
Example 3. Calculate indicator on individual pricing constant: Close = 6, Open = 7, High = 1, Low = 3. Price = (6 * Close + 7 * Open + 1 * High + 3 * Low) / 17.
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