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The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v5 · On the chart
Williams Alligator
This indicator plots Bill Williams' Alligator system directly on the price chart.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code18
Settings6inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
18 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Williams-Alligator.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator(title="Williams Alligator", shorttitle="Alligator", overlay=true, timeframe="", timeframe_gaps=true)
smma(src, length) =>
smma = 0.0
smma := na(smma[1]) ? ta.sma(src, length) : (smma[1] * (length - 1) + src) / length
smma
jawLength = input.int(13, minval=1, title="Jaw Length")
teethLength = input.int(8, minval=1, title="Teeth Length")
lipsLength = input.int(5, minval=1, title="Lips Length")
jawOffset = input(8, title="Jaw Offset")
teethOffset = input(5, title="Teeth Offset")
lipsOffset = input(3, title="Lips Offset")
jaw = smma(hl2, jawLength)
teeth = smma(hl2, teethLength)
lips = smma(hl2, lipsLength)
plot(jaw, "Jaw", offset = jawOffset, color=#2962FF)
plot(teeth, "Teeth", offset = teethOffset, color=#E91E63)
plot(lips, "Lips", offset = lipsOffset, color=#66BB6A)
Overview
Williams Alligator calculates three smoothed moving averages based on the median price (hl2) representing the Jaw, Teeth, and Lips lines, each projected forward into future bars via plot offsets. Configurable settings allow users to adjust the smoothing lengths and displacement offsets for each of the three lines. It provides standard visual trend context without generating automated trade execution signals.
- Smoothed moving average calculations
- Three distinct shifted plot lines
- Configurable lengths and displacement offsets
- Median price source calculation
Details
Published by
TWODS-CAPITAL on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Jaw Length | int | 13 | jawLength |
| Teeth Length | int | 8 | teethLength |
| Lips Length | int | 5 | lipsLength |
| Jaw Offset | int | 8 | jawOffset |
| Teeth Offset | int | 5 | teethOffset |
| Lips Offset | int | 3 | lipsOffset |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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