An Alligator Signal indicator is a forex trading indicator. Alligator signal is a trend following forex indicator. This forex trading indicator is mainly famous for its accuracy level and consistency. The Alligator signal indicator is also a very flexible forex trading indicator. Flexible means it can be used in any time frame and can be used to trade a wide range of assets and derivatives. Alligator signal indicator is popular among intermediate-level traders. Since this forex indicator is easy to use, this indicator is appropriate for beginners too.
When you install the Alligator signal forex indicator in your mt4 trading platform, your chart should look like this:
Alligator signal Forex Indicator
An Alligator signal forex indicator is a group of many blue and red arrows. Red arrows pointing upwards indicate bullish MT4 market conditions, and blue arrows pointing downward indicates a bearish market scenario. Therefore, looking at the market’s general trend, you should be buying when you see red arrows and selling when you see blue arrows.
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Buying conditions Using Alligator Signal Forex Indicator
- The mt4 market should be up trending.
- The mt4 market should be bouncing from the chart’s recent support.
- Alligator signal indicators should form red color arrows.
- Place your long position(Buy) when all of the above conditions are met.
- Place your stop loss(SL) below the recent support level.
- Take your profit(TP) when the Alligator signal indicator turns blue.
Selling Conditions Using Alligator Signal Forex Indicator
- The mt4 market should be down trending.
- The mt4 market should be falling from the recent chart resistance.
- Alligator signal indicators should form blue arrows.
- Place your short position(sell) when all of the above conditions are met.
- Place your stop loss(SL) above the recent resistance level.
- Take your profit(Tp) when the Alligator forex signal indicator turns red.
Alligator Signal Forex Indicator Free Download