Williams Gator Oscillator 2 — Indicator by PolarSolar

Based on @Petros Williams Gator Oscillator script

Modifed by @PolarSolar - fix histogramm offset to original and added different colors to more understanding Gator histogramm

The Gator Oscillator histogram above zero shows the absolute difference between blue and red lines of Alligator indicator,
while histogram below zero shows the absolute difference between red and green lines.

There are green and red bars on the Gator Oscillator histograms.
A green bar appears when its value is higher than the value of the previous bar.
A red bars appears when its value is lower than the value of the previous bar.

Gator Oscillator helps to better visualize the upcoming changes in the trends: to know when Alligator sleeps, eats, fills out and is about to go to sleep.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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