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This
indicator is based on the classical alligator indicator.
The
proposed indicator has the ability to increase a smooth-effect in Alligator Indicator.
This
indicator could play an important role in determining support and resistance lines.
Support occurs
when falling prices stop, change direction, and begin to rise. Support is
often viewed as a “floor” which is supporting,
or holding up, prices. Resistance is
a price level where rising prices stop, change direction, and begin to fall.
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