Question: What is Alligator Indicator on Deriv's DTrader? How does it work?
Bill Williams introduced the Alligator indicator in 1995.
The Alligator is as much a metaphor as it is an indicator.
It consists of three lines, overlaid on a pricing chart, that represent the jaw, the teeth and the lips of the beast, and was created to help the trader confirm the presence of a trend and its direction.
The Alligator indicator can also help traders designate impulse and corrective wave formations, but the tool works best when combined with a momentum indicator.
On Deriv’s DTrader, you can use Alligator for free and apply it on any chart you want.
To log in to Deriv’s DTrader, go to Deriv Official Website.
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