MT5 indicators: Alligator

Hello Deriv Community,

The Alligator indicator is a tool used in technical analysis to assist traders in identifying market conditions that are either trending or ranging. It consists of three lines that overlay a price chart and represent the jaw, teeth, and lips of an alligator. The alignment of these lines can indicate the presence of a trend and its direction. When combined with other analysis techniques, such as chart patterns and additional indicators, the Alligator indicator can aid traders in making better-informed decisions regarding trade entry and exit points.

Where to find the Alligator indicator

  1. Log in to your MT5 account.
  2. Click Insert on the toolbar menu.
  3. Click Indicators.
  4. You will find the Alligator indicator on the menu that opens.

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