Description
The Gator Oscillator comprises two histograms showing degree of convergence/divergence of Williams Alligator study plots. The upper histogram represents the difference between values of Jaw and Teeth plots, the lower histogram represents that of Teeth and Lips plots.
Depending on the preceding trend, buying or selling opportunities are suggested when both histograms are at (or very close to) zero level, which conforms to intersection of the three Williams Alligator lines.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used in calculation of averages. |
jaw length
|
The number of bars used in calculation of Jaw average. |
teeth length
|
The number of bars used in calculation of Teeth average. |
lips length
|
The number of bars used in calculation of Lips average. |
jaw displace
|
The displacement of the Jaw average, in bars. Negative values signify a forward displacement. |
teeth displace
|
The displacement of the Teeth average, in bars. Negative values signify a forward displacement. |
lips displace
|
The displacement of the Lips average, in bars. Negative values signify a forward displacement. |
average type
|
The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull. |
Plots
| Plot | Description |
|---|---|
Top
|
The upper histogram, difference between Jaw and Teeth values. |
Bottom
|
The lower histogram, difference between Teeth and Lips values. |
ZeroLine
|
The zero level between the histograms. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.