Forex Indicators – Alligator Parabolic Range

Forex Indicators – Alligator Parabolic Range

In this system, we will use 3 indicators as the main reference in trading. 3 This indicator serves as a signal to determine long term trends while determining the saturation point of a movement within the market and filtering false signals. The 3 indicators are Alligator, Parabolic SAR, and William persent Range

In this system, we will use 3 indicators as the main reference in trading. 3 This indicator serves as a signal to determine long term trends while determining the saturation point of a movement within the market and filtering false signals. The 3 indicators are Alligator, Parabolic SAR, and William persent Range.

The steps of its use are as follows:

1. Prepare the chart, the author uses GBPUSD

GBPUSD

GBPUSD

2. Add Alligator Indicator

Alligator indicators

3. Add Parabolic SAR Indicator

Parabolic SAR

Parabolic SAR

4. Add William Persent Range Indicator

Indicator William Persent Range

Indicator William Persent Range

5. How to take a position:

  • Do BUY, if Alligator green color has penetrated Alligator blue color upward, at the same time parabolic point is under candlestick, and william persent R is between line -20 and 0

  • Do SELL, if Alligator’s green color has penetrated the Alligator blue color downward, as well as the parabolic point is above the candlestick, and william persent R is between the -80 and -100 lines

  • Not recommended open position if the price has not shown the signal according to the way above, because the signal false indicator is very easy to outwit the trader in the transaction. Use SL to anticipate from loss.

 

author
Forex4Live.com is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
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