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