Gator Oscillator Indicator
MT4Also Available for MT5We will give you an overview of how to use the Gator Oscillator indicator for the MT4 platform. Bearish and bullish signals will be included too!
Description
Oscillators are a type of technical indicator used for analysis. One such indicator is the Gator Oscillator for the MT4 platform. This indicator is used to detect changes in trends in a particular instrument by using a histogram to show whether a trend is forming, ending, strengthening, or weakening.
The gator uses a histogram to represent market trends in four phases:
1 – Sleeping Phase
This is also called the Exhausted Phase. In this phase, the histogram lines, whether above or below the zero line, are both colored red.
2 – Awakening Phase
The Awakening Phase is called the Forming Phase and follows the Sleeping Phase of the Gator Oscillator. It is seen when one of the red bars becomes green. The placement of the red or green colors, whether above or below the zero line, doesn’t matter.
3 – Eating Phase
During this phase, both bars will become the color green. It is also called the Strengthening Phase.
4 – Sated Phase
This phase occurs when the markets are running out of momentum. It happens after the eating phase of the Gator Oscillator indicator for MT4. You will notice it when one of the green bars in the histogram turns into the color red. Again, the placement of the red or green colors, whether above or below the zero line, doesn’t matter.
As such, you will notice that the Gator Oscillator indicator for MT4 can help you detect market trends through the color of the histogram. Green bars means the trend is getting stronger. On the other hand, red bars indicate that the trend is weakening.
The Gator Oscillator Indicator BUY/SELL signals
Typically, you will want to enter a position during the awakening phase of the Gator Oscillator indicator. You will then hold the position and take your profits during the sated phase where the trend is nearly done. However, you may want to tweak your strategy to accommodate other indicators and support or resistance levels.
Typically, you will want to enter a position during the awakening phase of the Gator Oscillator indicator. You will then hold the position and take your profits during the sated phase where the trend is nearly done. However, you may want to tweak your strategy to accommodate other indicators and support or resistance levels.
Buy Or Bullish Signal
Look for a forming uptrend. This can be seen through a breakout upwards of a previous resistance that will now turn out to be your new support. Enter through the breakout candle (whether it’s the awakening or strengthening phases) and exit once the sated phase shows up. This can be seen in the charts below.
Sell Or Bearish Signal
Look for a forming downtrend. This can be seen through a breakout downwards a previous support that will now turn out to be your new resistance. Enter through the breakout candle (whether its awakening or strengthening phases) and exit once the sated phase shows up. Check it out in the charts below.
Conclusion
The Gator Oscillator Indicator for MT4 is a great way to gauge trend cycles of a particular instrument through its histogram. It can help traders know whether a trend will form and strengthen. In addition, it helps to gauge whether a trend is near completion or not. However, it cannot tell you if the market is going upwards or downwards. As such, you must use it with other indicators and support or resistance lines to gauge where the market is going.
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