Forex Alligator Signal Indicator
Forex Alligator Signal Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to the Williams Alligator and buy / sell signals on the chart. It draws arrows on the chart. It has 10 settings, for example Jaw Period (default 8), Jaw Shift (default 0) and Teeth Period (default 5). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Alligator Signal Indicator
Forex Alligator Signal Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 10 settings, such as Jaw period, Jaw shift and Teeth period. MQL source code included.
Files in the download: AlligatorSignal.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Jaw period | 8 | Jaws Period |
| Jaw shift | 0 | Jaws Shift |
| Teeth period | 5 | Teeth Period |
| Teeth shift | 0 | Teeth Shift |
| Lips period | 3 | Lips Period |
| Lips shift | 0 | Lips Shift |
| Ma period | 3 | averaging period |
| Ma method | MODE_EMA | method of averaging of the Alligator lines |
| Applied price | PRICE_WEIGHTED | type of price used for calculation of Alligator |
| Force filte | 0.35 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code