Alligator with Alert for MT4 and MT5
Alligator Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when Alligator lines align properly.
What Is Alligator Indicator?
Bill Williams created several technical indicators that together are widely used as a foundation for trading strategies. One of these indicators is Alligator.
Bill Williams created this indicator by combining the following three moving averages:
- Jaw — a smoothed moving average of period 13 and shift 8.
- Teeth — a smoothed moving average of period 8 and shift 5.
- Lips — a smoothed moving average of period 5 and shift 3.
Alligator Alert Indicator
MetaTrader platform includes Bill Williams' Alligator among its standard indicators, however, it has no notification feature.
In many cases, traders want to get notifications when all three moving averages are one on top of the other. This situation usually indicates that there could be a trading opportunity.
You can use such alerts in both trend following and trend reversal strategies.
This missing MetaTrader feature appears in our Alligator Alert indicator presented below.
This indicator allows you to receive alerts when Alligator starts opening its mouth, that is, when the moving averages are all aligned. You can receive notifications via:
- Mobile app
- On screen
Another useful feature of this Alligator Alert indicator is that it can draw arrows for buy and sell signals when the three moving averages cross.
Alligator Alert Indicator Source Code
If you are interested in alert indicators, you can use the source code of the present Alligator Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
How to Download and Use MT4 Alligator Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select Alligator moving average settings to use and how to receive notifications.
MT4 Alligator Alert Installation
To install MT4 Alligator Alert Indicator, please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For more detailed instructions on how to perform the installation please visit this article.
MT5 Alligator Alert Indicator
What Is MT5 Alligator Alert Indicator?
Alligator Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for Alligator moving averages coming one top of the other on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
How to Download and Use MT5 Alligator Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
MT5 Alligator Alert Installation
To install the MT5 Alligator Alert Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
