The Gator Oscillator is a popular free forex indicator for the MT4 trading platform. It is a useful tool for traders to assess the momentum of the market. The indicator is based on the Alligator indicator, which was developed by Bill Williams. The Gator Oscillator is a technical analysis indicator that combines the ideas of the Alligator indicator with the Moving Average Convergence Divergence (MACD). The Gator Oscillator is composed of two lines that represent the difference between the Alligator’s Jaw and Teeth. The Jaw is the widest line, and it represents the moving average of the median price. The Teeth is the middle line, and it is the moving average of the median price with a smaller period. The Lips are the shortest line, and it is the moving average of the median price with an even smaller period. The Gator Oscillator is a useful tool for traders to assess the momentum of the market and identify potential trading opportunities. It is a simple and easy to use indicator that can be used in combination with other indicators to help traders make more informed decisions.
The Gator Oscillator Forex indicator is a popular and free MT4 indicator that is useful for traders in analyzing market trends. The Gator Oscillator works by combining the Alligator’s three SMAs (simple moving averages) with the Balance Lines, which are also SMAs. The Balance Lines are calculated by subtracting the Alligator’s Jaw line from the Alligator’s Teeth line, and adding the Alligator’s Lips line to the Alligator’s Teeth line. The Gator Oscillator is a useful tool for traders in determining the strength of a trend and predicting potential reversals.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.