Alligator + Fractal Set GATOR
DescriptionBill Williams Alligator & Fractals All trading decisions for this set will be made using the daily price chart on BraveNewCoin's ELX index. The 'Alligator' consists of the 13, 8, and 5 period moving averages (MA) and is used to determine the status of the trend - bullish, bearish, or ranging. Entries and stop losses are determined based on the position of price relative to the bullish or bearish fractals. - A bull fractal consists of a low-high-low candle pattern - A bear fractal consists of a high-low-high candle pattern - A bull trend should not break bear fractals - A bear trend should not break bull fractals If price breaches above a bullish fractal during a bullish trend, the signal dictates adding to the trading position. If price breaches below a bearish fractal during a bullish trend, the signal dictates a stop loss trigger. These entry or exit triggers occur after a candle close for the period. The candle body must close above or below the fractal of the prior period to satisfy the trade trigger condition.