Gator Oscillator by Bill Williams
Gator Oscillator helps to visualise the periods when Alligator Indicator lines widen or narrow down.
In order to add Alligator indicator to Metatrader 4 chart:
How to trade with Gator Oscillator
The Gator Oscillator histogram above zero shows the absolute difference between blue and red lines of Alligator indicator, while histogram below zero shows the absolute difference between red and green lines.
There are green and red bars on the Gator Oscillator histograms.
Gator Oscillator helps to better visualize the upcoming changes in the trends: to know when Alligator sleeps, eats, fills out and is about to go to sleep.
Now let's see what Gator does
- when after sleeping one of the indicator bars is red and the other one is green (either above or below zero)
- when both bars (above and below zero) are green.
Gator fills out
- when after eating one of the bars turn red.
- when both bars are red.
By default, Gator oscillator is set with a slight shift forward when displaying oscillator bars.
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