Gator Oscilators

Gator Oscillator — Gator

Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Averages). The top bar chart is the absolute difference between the values of the blue and the red lines. The bottom bar chart is the absolute difference between the values of the red line and the green line, but with the minus sign, as the bar chart is drawn top-down.

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:
HIGH — is the maximum price;
LOW — is the minimum price;
SMMA (A, B, C) — smoothed moving average. Parameter А — smoothed data, В — period of smoothing, С — Shift in the future.

Source Code

Full MQL4 source of Gator Oscillator is available in Code Base: Gator Oscillator