gator oscillator
Info
The gator oscillator is a Indicator for MetaTrader 5 that the gator oscillator is a technical analysis tool derived from the alligator indicator, providing insights into the convergence and divergence of smoothed moving averages (smma). it consists of two bar charts:- the top chart represents the absolute difference between the blue and red lines of the alligator indicator.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use gator oscillator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the gator oscillator is a technical analysis tool derived from the alligator indicator, providing insights into the convergence and divergence of smoothed moving averages (smma).
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Chart Navigator MT5 Light - another powerful indicator for MetaTrader 5 traders.
the gator oscillator is a technical analysis tool derived from the alligator indicator, providing insights into the convergence and divergence of smoothed moving averages (smma).Also recommended: long-term trend trix oscillator for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
it consists of two bar charts:
- the top chart represents the absolute difference between the blue and red lines of the alligator indicator.
- the bottom chart displays the absolute difference between the red and green lines, with a negative sign due to the top-down orientation.
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:
- median price is the median price.
- high is the highest price of the bar.
- low is the lowest price of the bar.
- smma (a, b, c) is the smoothed moving average with parameters a, b, and c representing smoothed data, smoothing period, and shift to the future, respectively.
- alligators jaw represents the blue line (alligator's jaws).
- alligators teeth represent the red line (alligator's teeth).
- alligators lips represent the green line (alligator's lips).
note: the indicator includes two codes, gator.mq5 and gator_2.mq5, offering alternative calculation methods using moving averages (ima) and ialligator, respectively.
You may also like: stochastic oscillator indicator for metatrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_separate_window
#property indicator_buffers 7
#property indicator_plots 2
#property indicator_type1 draw_color_histogram
#property indicator_type2 draw_color_histogram
#property indicator_color1 green,red.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.