Gator Oscillator
Bill Williams developed this indicator and his opinion was that a trader should not over-rely on technical or fundamental indicators, the market is constantly changing and hence you cannot always assume a pattern or theory from the past. Instead a trader needs to understand the structure of the market. This indicator assumes that they are a consistent design in the market. The indicator is similar, and based on, the Alligator indicator. Lines are blue, red or a combination of the two. A line is blue when prices are moving upwards, red when prices are moving downwards and mixed when prices are varying up and down. ![]() Interpretation
Hence one should buy when the Gator is awaking and starts eating, and sell when the Gator fills out (is satisfied) and goes to sleep. |
