2, forex forcasting software by 3 bars into the future. Alligator indicator helps to determine the presence and absence of a trend as well as its direction.
If lines are intertwined or laid in the wrong order or are moving close together as one, it means that Alligator is sleeping with its mouth closed. Traders should not open new trades. As Alligator sleeps it becomes hungry. 3 lines move closer together or intertwine again. Elliott wave traders can use Alligator as a helping indicator to identify impulsive and corrective waves: when price trades outside Alligator’s mouth, the impulsive wave is forming, when price trades inside Alligator’s mouth, the corrective Elliott wave is forming. Don’t feed the Alligator when it sleeps!
Can anyone explain the rationale behind shifting the Alligator lines forward in time? Either way, Alligator indicator will only show what’s happening now, it won’t get any forecasting value no matter what Shift settings are. It also wise for a trader to consider using other indicators rather than the alligator alone. This way, the trader will be able to minimize losses.