Chaos Gator

Chaos Gator (or the Gator Oscillator) was developed by Bill Williams and is related to Chaos Alligator. It plots the level of divergence between the 3 alligator lines in 2 separate histograms.

Description

The histogram above the baseline shows the divergence between the blue and red line while the histogram below the baseline shows the divergence between the red and green line. The Chaos Gator works best in a trending market. Due to its simplicity, the oscillator can be combined with the Chaos Alligator to form a standalone indicator or together they can be used in combination with other analysis techniques.

Default Inputs

Jaw( 13 )

JawOffset( 8 )

Teeth( 8 )

TeethOffset( 5 )

Lip( 5 )

LipOffset( 3 )

Value( (high+low)/2 ) sets the formula.

ValueUp( green ) sets the color of the upward trend.

ValueDown( red ) sets the color of the downward trend.