OPEN-SOURCE SCRIPT
Kims Alligator Trade Ideas
Kims Alligator 10M Momentum
A clean trend-following indicator inspired by the Williams Alligator and Williams %R momentum concept.
The idea behind this script is simple:
Trade with the trend instead of against it. The Alligator defines the current market direction, while Williams %R is used to identify momentum entries instead of traditional overbought/oversold reversals.
Features:
• Williams Alligator trend filter
• Williams %R (14) momentum oscillator
• Clearly highlighted -20, -50 and -80 levels
• Configurable strict or relaxed entry rules
• Small, clean trade idea markers to avoid chart clutter
• Optional exit suggestions based on Williams %R returning toward -50
• Soft pastel color palette for comfortable chart reading
• Designed primarily for the 10-minute timeframe
The indicator generates trade ideas only. It is not intended to be a complete trading system and should always be combined with proper risk management, market structure, support/resistance, volume, or order flow analysis.
No indicator has a permanent statistical edge in every market condition. Always perform your own testing before using it in live trading.
If you find this script useful, I'd really appreciate a like or a follow. I'm continuously testing and building new trading tools and sharing my ideas with the community.
A clean trend-following indicator inspired by the Williams Alligator and Williams %R momentum concept.
The idea behind this script is simple:
Trade with the trend instead of against it. The Alligator defines the current market direction, while Williams %R is used to identify momentum entries instead of traditional overbought/oversold reversals.
Features:
• Williams Alligator trend filter
• Williams %R (14) momentum oscillator
• Clearly highlighted -20, -50 and -80 levels
• Configurable strict or relaxed entry rules
• Small, clean trade idea markers to avoid chart clutter
• Optional exit suggestions based on Williams %R returning toward -50
• Soft pastel color palette for comfortable chart reading
• Designed primarily for the 10-minute timeframe
The indicator generates trade ideas only. It is not intended to be a complete trading system and should always be combined with proper risk management, market structure, support/resistance, volume, or order flow analysis.
No indicator has a permanent statistical edge in every market condition. Always perform your own testing before using it in live trading.
If you find this script useful, I'd really appreciate a like or a follow. I'm continuously testing and building new trading tools and sharing my ideas with the community.
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.