Gator Oscillator
A technical analysis oscillator developed by Dr. Bill Williams to gauge the different phases of the market. It consists of two histograms with green and red bars.
The bars above the zero line represent the difference between the Alligator’s Teeth and Jaw. The bars below the zero line represent the difference between the Alligator’s Lips and Teeth.
A green bar signifies that the bar’s value exceeds the value of the previous bar. On the other hand, a red bar indicates that the bar’s value is less than the previous bar’s value.
The Alligator may be in four different states: Sleeping, Awakening, Eating or Feeling Full.
When both bars are red the Alligator sleeps, while two green bars indicate that the Alligator eats. One red bar, and the other green after sleeping signify that the Alligator is awakening. Lastly, the Alligator feels full when one of the bars is red after eating.