The Gator Oscillator Indicator is a popular and free MT5 forex indicator that is useful for analyzing the strength of a trend. It is a technical analysis tool that is based on the Alligator Indicator, which was developed by Bill Williams. The Gator Oscillator is used to measure the momentum of a currency pair and to identify the direction of the trend. The Gator Oscillator indicator is composed of two lines that are derived from the Alligator Indicator. The lines are referred to as the Gator Jaw, which is the blue line, and the Gator Teeth, which is the red line. The lines are calculated using the Alligator Indicator, which is composed of three Moving Averages. The Gator Jaw is calculated by subtracting the Alligator’s Jaw (13-period Smoothed Moving Average) from its Teeth (8-period Smoothed Moving Average). The Gator Teeth is calculated by subtracting the Alligator’s Teeth (8-period Smoothed Moving Average) from its Lips (5-period Smoothed Moving Average). The Gator Oscillator is a useful tool for forex traders as it can help them identify the strength of a trend and when a trend is starting or ending.
MT5
Gator Oscillator
The Gator Oscillator MT5 is a popular and useful free Forex indicator that can be used to identify market trends and help traders decide when to enter or exit a trade. The Gator Oscillator MT5 shows the difference between the Alligator’s jaw, teeth, and lips. The jaw line is the mid-term trend, the teeth line is the short-term trend, and the lips line is the long-term trend. This indicator is a great tool for traders who want to stay one step ahead of the market and make informed decisions.
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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.
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