The Alligator indicator is a trending indicator developed by legendary trader Bill Williams. It is comprised of three smoothed moving averages moved forward into the future, and is aimed at gauging trend stregnth and identifying new trends.
Today I will talk about a big mistake many novice traders do, though I have seen some professional ones sinning in this matter: Using correlative indicators to confirm their trades.
This is my variation of the traditional Parabolic SAR trading system. Instead of simply using the Parabolic SAR signals as entry and exit, I use a filter that filters many of the whipsaw signal and thus increasing the win rate and enhances the quality of the trades.
Free Indicator that generates buy\sell signals that are based on a touch of Bollinger Bands. The indicator uses Bollinger Bands from upper time frames to produce stronger signals.
The Stochastic Oscillator is a classical indicator, one of the few leading indicators available to traders. Its main strength is that it is based on Support and Resistance and therefore generates stronger signals than most indicators.
The Average True Range is an indicator developed by J. Welles Wilder, the pioneer of advanced technical indicators. Unlike most of his indicators, this one does not calculate overbought or oversold periods, nor gives signals – this indicators shows the volatility of the market. While most traders ignore it, it is of extreme importance in trading systems. In this article you will learn how to use it to globalize and improve your trading systems.
The Bounce CCI is a free indicator that generates buy\sell signals based on the Commodity Channel Index indicator (CCI). Signals are generated by cross of overbought-oversold level in the CCI.
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