Indicator "Alligator" (Alligator)
Alligator indicator (Alligator) - technical stock indicator developed and named by Bill Williams. On the chart Alligator indicator is represented by three differently colored lines: blue, red, and green. Metaphorically, these lines are called Alligator's jaw (blue line), teeth (red line) and lips (green line). This indicator consists of three Balance lines and uses fractal geometry and non-linear dynamics in its construction.
Point of intersection of lines Alligator indicator - a sign of price consolidation, after which, as a rule, there is a sharp change in the direction of price movement.