Gator Oscillator is a forex trading indicator. It is a very simple forex trading indicator. The Gator indicator is an oscillator indicator. The Gator Oscillator works effectively in a trending market. While trading with Gator Oscillator trades can be taken in the direction of the trend as well as against the direction of the trend. The Gator oscillator indicator is helpful in sideways market too. This indicator helps you to catch the short swings of the market regardless of the trend of the market.
When you install Gator oscillator in your trading trading system, your chart should look like this:
- Gator Oscillator
Gator oscillator consists of green and red bars. When you see the green bars that are rising, it indicates buying signal and when you see red bars that are converging to a point it’s a selling signal. This is all about Gator Oscillator. You should be very careful while taking trades with this indicator as there will be chances of making wrong decisions. It’s best when you combine this indicator with other indicator.
Buying Conditions Using Gator Oscillator indicator.
- Market should be up trending.
- The diverging green bars should start forming in the Gator Oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the red converging bars start forming.
Selling Conditions Using Gator Oscillator.
- Market should be down trending.
- The converging red bars should start forming in the Gator Oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the green diverging bars start forming.
Download Free Forex Gator Oscillator Indicator
Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below: