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| Gator |
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| Gator |
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| Gator |
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| Gator |
Bill Williams developed the Gator Oscillator. The Gator oscillator uses the same working principle as the Alligator indicator and shows the degree of convergence/divergence of the Balance Lines (SMA). The Gator oscillator is a histogram with three types of bars, red, green and mixed. The green bar indicates that its value is greater than the previous one, the red indicates the opposite. The indicator is most useful in markets that display strong directional price action. It is designed to capture emerging trends and also indicate to traders when the trend is nearing completion.
Mathematical Formula:
TOP = Absolute ValueABS( RED – BLUE )
BOTTOM = Absolute ValueABS ( RED – GREEN ) * ( -1 )
Absolute ValueABS – negative numbers are changed to positive numbers
