Alligator Indicator By Bill Williams
The name of the indicator is a metaphor that uses the behavior of an alligator to explain the behavior of the indicator in different situations of the market. On the far right, you can see this pullback failed however there was not break above the yellow line before price began to close under the 3 lines. The Relative Vigor Index measures the strength of a trend by comparing a closing price to the daily range. Since 2013 I have helped thousands of traders to take their trading to the next level […]