Bill Williams Gator Oscillator

• 02/18/2017 at 4:00 PM #25503
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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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  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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