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Forex Indicator MT4

Gator Oscillator(Gator)

What is Gator Oscillator(Gator) indicator, the instructions of Gator Oscillator(Gator) and how to use the Gator Oscillator(Gator) indicator, the calculation of Gator Oscillator(Gator) and the Gator Oscillator(Gator) indicator main parameters

Introduction

Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Averages). The top bar chart is the absolute difference between the values of the blue and the red lines. The bottom bar chart is the absolute difference between the values of the red line and the green line, but with the minus sign, as the bar chart is drawn top-down.

Gator Oscillator(Gator)

The Gator Oscillator is displayed as two histograms:

  • the histogram above zero shows the distance between the blue and the red lines (between the Alligator’s jaw and teeth);
  • the histogram below zero shows the distance between the red and the green lines (between the Alligator’s teeth and lips).

All the bars of each histogram are either green or red:

  • histogram bar is red if it is lower than the preceding one;
  • histogram bar is green if it is higher than the preceding one.

The Gator Oscillator clearly shows convergence and intertwining of the Balance Lines when the Alligator is asleep or awake thus helps identify a trend.

 

Calculation

MEDIAN PRICE = (HIGH + LOW) / 2
ALLIGATORS JAW = SMMA (MEDIAN PRICE, 13, 8)
ALLIGATORS TEETH = SMMA (MEDIAN PRICE, 8, 5)
ALLIGATORS LIPS = SMMA (MEDIAN PRICE, 5, 3)

Where:

  • HIGH — is the maximum price;
  • LOW — is the minimum price;
  • SMMA (A, B, C) — smoothed moving average. Parameter А — smoothed data, В — period of smoothing, С — Shift in the future.

 

Main Parameters

  • Mode:
    • Upper: Upper line
    • Lower: Lower line
  • Jaw period: Blue line averaging period (Alligator’s Jaw), default is 13
  • Jaw shift: Blue line shift relative to the chart, default is 8
  • Teeth period: Red line averaging period (Alligator’s Teeth), default is 8
  • Teeth shift: Red line shift relative to the chart, default is 5
  • Lips period: Green line averaging period (Alligator’s Lips), default is 5
  • Lips shift: Green line shift relative to the chart, default is 3
  • MA method:
    • Simple
    • Exponential
    • Smoothed, (default option)
    • Linear weighted
  • Apply to: Applied price
    • Close
    • Open
    • High
    • Low
    • Median Price, (high+low)/2, (default option)
    • Typical Price, (high+low+close)/3
    • Weighted Close, (high+low+close+close)/4
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