Gator Oscillator is a forex technical indicator based on the Bill Williams Alligator Indicator. It reflects the distance of convergence/divergence between the smoothed moving averages of the Alligator indicator.
Construction of the Gator Oscillator Forex Indicator
The forex Gator Oscillator indicator consists of two histograms. The upper histogram shows the absolute difference between the values of the blue line and the red line of the Alligator indicator‘s moving averages. The lower histogram draws the absolute difference between the values of the red line and the green line, but with a negative sign, as the Gator Oscillator histogram is drawn from top to bottom.
FAQ
What is the Gator Oscillator?
The Gator Oscillator is a technical indicator used in forex trading that measures the convergence and divergence of the Alligator indicator’s moving averages.
How does the Gator Oscillator work?
The Gator Oscillator uses two histograms to show the differences between the moving averages of the Alligator indicator, helping traders identify market trends and potential reversals.
Why is the Gator Oscillator useful for traders?
The Gator Oscillator helps traders understand the strength of a trend by showing how the moving averages are converging or diverging, which can signal potential entry or exit points in the market.
