iAlligator - Indicator for MetaTrader 4
The AntiAlligator indicator is of those few technical analysis tools that help find the most favorable points for entering the market against the trend. Its operation is based on the detection of bullish or bearish penetration in combination with remoteness from the lips of the alligator.
Points for the market entry are marked on the chart with red or blue arrows. In the indicator settings, it is possible to change the number of points, which fixes the removal of the price from the lips of the alligator. The items are set in the levels: the 1st level is bullish and the 2nd is midnight.
It is recommended to use this indicator as an additional tool to confirm the reversal signals.