Alternative Indicator is a term used to describe a type of indicator that can be used as an alternative to traditional indicators. It is often used in the context of financial markets, where it can provide an additional layer of information to help investors make more informed decisions. ELSE is a four-letter word that can be used as an alternative indicator, as it stands for Earnings, Liquidity, Solvency, and Efficiency. These four factors are used to measure the financial health of a company, and can be used to determine whether or not it is a good investment.