Gator Oscillator Indicator MT4 | MT5

The Gator Oscillator is a technical analysis indicator created by Bill Williams, designed to complement the Alligator Indicator, which is available for FREE on our platform, by providing a visual representation of trend development and market consolidation. It is based on the behavior of the Alligator’s three smoothed moving averages (jaw, teeth, lips) and reflects the degree of convergence or divergence between them.

Displayed as a dual histogram below the price chart in MetaTrader, the Gator Oscillator shows two sets of bars:

• Above the zero line: the absolute difference between the Alligator's jaw and teeth.
• Below the zero line: the absolute difference between the teeth and lips, shown in negative form.

The color and shape of the bars indicate the market phase:

• Both bars are growing and green: The Gator is awakening and the trend is strengthening.
• Both bars shrinking and red: The Gator is sleeping and the market is consolidating.
• One bar green, the other red: The Gator is eating but the trend may be weakening.

Moreover, this indicator helps traders generate buying and selling entries based on these trading strategies: 

1/ Trend Confirmation:

- During an upward movement, when both Gator bars turn green and grow, this confirms strong bullish momentum and a long opportunity.

- Enter a sell trade when both Gator bars turn green and expand during a downward move, this confirms strong bearish momentum.

2/ Trend Reversal:

- When Gator bars shrink and switch from red to green, the bearish trend is losing strength, suggesting a potential bullish reversal.

- When Gator bars shrink and switch from green to red, signaling a possible end of the bullish trend, and a potential bullish reversal.

3/ Breakout Strategy:

- A long signal appears when the price breaks resistance and Gator bars change from red to green and start growing, momentum confirms the breakout.

- A short signal appears when price breaks support and Gator bars turn red and expand, momentum supports a bearish breakout.

However, traders are advised to combine the GO with the Alligator indicator to strengthen trade signals and improve decision-making in trending and ranging markets.

1- In the first trading example using the MT4 version of the Gator Oscillator, the indicator confirmed the downward trend as the green bars increased in size, signaling a potential short entry. As the price continued to fall, the bars began to weaken, indicating that the bearish momentum was fading and a consolidation phase might be approaching. When the bars became small and mixed, it confirmed a sideways market, suggesting that traders should close their short positions and wait.

Later, once the price broke above the last resistance level and the Gator Oscillator displayed strong green bars, it signaled a bullish reversal and presented a good opportunity to enter a long trade on the EURUSD pair.

2- In the second trading example using the MT5 version of the Gator Oscillator, the indicator confirmed the bearish movement as the green bars increased, signaling a potential short entry. As the price continued to fall, the bars turned red, dropping and indicating that the bearish momentum was fading, suggesting a potential bullish reversal. Traders should exit their trades in such scenarios and wait for a confirmation to reenter the market

Once the price rose with a significant bullish candle, and on the other hand, the Gator Oscillator displayed strong green bars, it indicated the beginning of the uptrend, signaling a buying opportunity on the CADCHF pair.

3- In the first trading example using the MT5 version of the Gator Oscillator, the indicator confirmed the upward trend as the green bars increased in size, signaling a potential long entry. As the price continued to rise, the bars began to weaken, indicating that the bullish momentum was losing strength and a consolidation phase might be approaching. When the bars became small and mixed, it confirmed a sideways market, suggesting that traders should close their buying positions.

Later, once the price broke below the last support level and the Gator Oscillator displayed strong green bars, it signaled a bearish reversal and presented a good opportunity to enter a short trade on the GBPJPY pair.