Alligator Indicator:
In Forex we have many technical indicators in which Alligator is one of them. Its a combination of three moving averages. The blue line is a 13-period Smoothed Moving Average, moved into the future by 8 bars. The red line is 8-period Smoothed Moving Average, moved by 5 bars into the future. The green line is a 5-period Smoothed Moving Average, moved by 3 bars into the future. These 3 moving averages form the forex alligator indicator.
If you are using Meta Trader as your forex platform, you can find it in the navigator window under custom indicators. When the three moving averages of the this forex indicator are very close together, that means the forex market is very volatile or there is no trend at all. When the three moving averages are very wide apart and they are moving either up or down that means the forex market is trending.
forex Metatrader Alligator
We have many candlestick patterns in forex. The following are the main patterns that I look for, when I do forex trading.
Bullish Engulfing Candlesticks
Bearish Engulfing Candlestick Pattern
Forex Doji Candlestick
Alligator and Different Candlestick Patterns:
Bearish Candlestick Formation In a Downtrend
If you are using metatrader as your forex platform, check now to see how it is working.
Bullish Candlestick Formation in Forex Uptrend
Doji Formation in a forex downtrend
Doji formation in a forex uptrend
USDJPY Forex Alligator Uptrend Bullish Engulfing Candlestick Pattern
USDCHF Forex Alligator Uptrend Bullish Engulfing Candlestick Pattern
USDCHF Forex Alligator Uptrend Bullish Engulfing Candlestick Pattern
EURUSD Forex Alligator Downtrend Bearish Engulfing Candlestick Pattern
EURUSD Forex Alligator Downtrend Bearish Engulfing Candlestick Pattern
The following are some of the examples for forex alligator and doji candlestick formations for different currency pairs at different times.
USDCHF Forex Alligator Downtrend Doji Candlestick Formation
USDCAD Forex Alligator Downtrend Doji Candlestick Formation
EURUSD Forex Alligator Down And Uptrends Doji Candlestick Formation
Note: This technique may not work in asian market timings. This works very good during the New York timings and before the asian market starts.
It is a nice article but does it work always?
This technique may not work in asian timings as the maket won’t move much in asian timings. But after the london market starts and through out the new york market(before a couple of hours of the asian market starting) this technique works very good.
[...] of them. The trades I entered are based on alligator and candlesticks technique that I explained at http://www.forexbees.com/forex-blogs/alligator-and-candlesticks-forex-te…From this I learned some new things where this technique can not be used.I am going to update the [...]
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Thank you for your comment.
Raj.
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