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Williams Alligator

Three smoothed averages, each shifted forward, from Bill Williams.

Jaw (13, shifted 8), teeth (8, shifted 5) and lips (5, shifted 3). Intertwined lines mean the market sleeps; lines fanning out mean a trend is feeding.

In TradeXtool

Gate: Alligator lips is above Alligator teeth.

Watch out

The shift is what makes it readable, and also what makes it late: the lines you see are built on older candles.

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