Bill Williams Gator Oscillator

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

    I edited the code posted here https://www.prorealcode.com/prorealtime-indicators/bill-williams-alligator/

    I hope I didn’t make any mistakes, so just check if you think it is useful

    REM Gator Oscillator - Bill Williams
    
    // Alligator Blue Line - Jaw
    // 13 bar smoothed average future 8 bars
    SSMAblue = WilderAverage[13](close[8])
    
    
    // Alligator Red Line - Teeth
    // 8 bar smoothed average future 5 bars
    SSMAred = WilderAverage[8](close[5])
    
    
    // Alligator Green Line - Lip
    // 5 bar smoothed average future 3 bars
    SSMAgreen = WilderAverage[5](close[3])
    
    UpperGraph=abs(SSMAblue-SSMAred)
    
    LowerGraph=-abs(SSMAred-SSMAgreen)
    
    if UpperGraph > UpperGraph[1] then
    ug=1
    else
      
    if UpperGraph <= UpperGraph[1] then
    ug=-1
       
    endif
    endif
    
    if LowerGraph > LowerGraph[1] then
    lg=-1
    else
      
    if LowerGraph <= LowerGraph[1] then
    
    lg=1
       
    endif
    endif
    
    return UpperGraph coloured by ug as "Jaws-Teeth", LowerGraph coloured by lg as "Teeth-Lips"
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Bill Williams Gator Oscillator


ProBuilder: Indicators & Custom Tools

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Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 02/18/2017
Status: Active
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