Gator Oscillator, developed by Bill Williams. In principle, the Gator Oscillator - this is the usual alligator presented as a histogram.
The main task of this modification state of the market trader to show (in a trend or it is in flat).
The Gator Oscillator figure below shows both interpretations for greater clarity.
Gator Oscillator indicator is drawn in the form of two histograms:
The Gator Oscillator histogram drawn in the above zero indicates the absolute value of the distance between "Jaws" Alligator (blue line) and "Teeth" Alligator (red line)
The histogram is below zero, shows the absolute value of the distance between the "teeth" Alligator (red line), and Alligator Lips (green line)
The Gator Oscillator bar histogram is drawn in red if the current value is below the previous value;
The Gator Oscillator bar histogram is drawn in green, if the current value above the previous value;
The maxima of the Gator Oscillator indicator correspond to periods of maximum difference between smoothed moving averages (blue and red lines Alligator).
Accordingly, the minima correspond to the Gator Oscillator indicator magnitude difference between the values of moving averages of red and green lines, but with a minus, because the graph is drawn below the axis of zero. And the maximum and minimum values indicate the presence of a strong trend in the market.
If the Gator Oscillator oscillates around zero, it means that the lines overlap or are located too close to each other and the market is in a sideways trend.
Gator Oscillator does not give proper signals, and is not used independently. It is a complementary indicator that clearly shows the points of intersection of lines and predicts Gator prospects of this intersection.
Gator Oscillator indicator is a standard set of indicators terminal MT4, so if you're interested in you only to drag it to the chart.
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