ImpAlligator
The standard indicator Alligator is calculated on the basis of smoothed moving average and median price.
This modification allows calculating the indicator on the basis of any combination of 4 basic prices: Close, Open, High, and Low, and choosing one of 6 methods of averaging: simple (SMA), exponential (EMA), smoothed (SMMA), linear weighted (LWMA), double exponential (DEMA), triple exponential (TEMA).
Input parameters:
- Jaws period - period of Alligator's jaws;
- Jaws shift - shift of Alligator's jaws;
- Teeth period - period of Alligator's teeth;
- Teeth shift - shift of Alligator's teeth;
- Lips period - period of Alligator's lips;
- Lips shift - shift of Alligator's lips;
- Moving average mode - averaging method: Simple (SMA), Exponential (EMA), Smoothed (SMMA), Linear Weighted (LWMA), Double Exponential (DEMA), Triple Exponential (TEMA);
- Close - weight coefficient of the CLOSE price for calculation of the individual price;
- Open - weight coefficient of the OPEN price for calculation of the individual price;
- High - weight coefficient of the HIGH price for calculation of the individual price;
- Low - weight coefficient of the LOW price for calculation of the individual price.
Example 1. Calculate indicator by OPEN price: Close=0, Open=1, High=0, Low=0.
Example 2. Calculate indicator by WEIGHTED price: Close=2, Open=0, High=1, Low=1.
Example 3. Calculate indicator by individual price constant: Close=6, Open=7, High=1, Low=3. Price=(6*Close + 7*Open + 1*High + 3*Low)/17.
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