How Alligator Indicator works This indicator tool is comprised of three smoothed moving averages:
- The Blue line (resembling the jaw) is a 13-period smoothed moving average turned into the future by 8 bars;
- The Red line (resembling the teeth) is an 8-period smoothed moving average shifted into the future by 5 bars;
- The Green line (resembling the lips) is a 5-period smoothed moving average shifted into the future by 3 bars.
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