OPEN-SOURCE SCRIPT
Alligator - Cross Signals-False signals
This very simple indicator generates buy and sell signals at each crossover of the alligator's lips, offering good visual readability. If a signal is contradicted by an opposite signal within the following two candles, an alert signal is triggered. When combined with a 200-period EMA and an MACD, it can help improve entry and exit points, although the trader's own analysis remains essential.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.