ChaosTrader

Gator Oscillator

This is Bill Williams' Gator Oscillator
It's purpose is to easily show the varying distance between the lines of the Alligator indicator.
The lower part of the oscillator is the distance between the red and green lines.
The upper part of the oscillator is the distance between the red and blue lines.
A value greater than the last results in a green bar; less than the last results in a red bar.
In a bear or a bull trend, green indicates that it is still getting stronger, red that it is weakening either temporarily or permanently.
Remove from Favorite Scripts Add to Favorite Scripts
//This is Bill Williams' Gator Oscillator
//It's purpose is to easily show the varying distance between the lines of the Alligator indicator.
//The lower part of the oscillator is the distance between the red and green lines.
//The upper part of the oscillator is the distance between the red and blue lines.
//A value greater than the last results in a green bar; less than the last results in a red bar.
//In a bear or a bull trend, green indicates that it is still getting stronger, red that it is weakening either temporarily or permanently.
study(title="Gator Oscillator", shorttitle="GO")
BlueLine = ema(hl2,25)
RedLine = ema(hl2,15)
GreenLine = ema(hl2,9)
GOabove = abs(RedLine-BlueLine)
GObelow = -abs(RedLine-GreenLine)
plot(GOabove, color = change(GOabove) <= 0 ? red : green, style=histogram, offset=5)
plot(GObelow, color = change(GObelow) >= 0 ? red : green, style=histogram, offset=3)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out