Williams Alligator — (MT4)

The Williams Alligator is a three‑line trend tool built from smoothed moving averages (jaw, teeth, lips) shifted forward. It helps you see when the market sleeps, wakes, eats and gets sated: in sync = trend, tangled = range.

What it shows

• Jaw (slow), Teeth (medium), Lips (fast) — color‑coded state and alignment.
• Cross/Spread logic to gauge trend start, continuation and slowdown.
• (Optional) MTF filter and alerts for entries on cross/flip/retouch.
• Works across timeframes and markets on MetaTrader 4.

Trade ideas

1. Wake‑up cross: first Lips ↗ above Teeth/Jaw + price retest → trend entry; exit on opposite flip.
2. Add‑on on spread: add while distance between Lips→Teeth→Jaw widens with higher highs/lows.
3. Sleep/range: if lines braid together, switch to range tactics or stand aside.
4. (Optional) Fractal trigger: confirm with fractals in trend direction.

Inputs that matter

• Periods for Jaw/Teeth/Lips and shift.
• Smoothing type (if available).
• Colors & alerts — cross/flip/retouch, MTF.

Suggested usage

• M5–M15: momentum entries after wake‑up cross.
• M30–H4: trend following, add‑ons on pullbacks.
• Daily+: bias & regime map.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy Alligator.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach Alligator.
4. Adjust inputs → OK.

FAQ

Does it repaint? No on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Always test on a demo first; risk management matters.