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Random article: Gator Oscillator
Gator Oscillator is one of the indicators of technical analysis developed by Bill Williams. Gator Indicator is represented by two bar charts situated one above another and below zero point. Upper bar charts shows the difference between jaw and teeth of Alligator (moving averages with periods of 13 and 8 respectively), bottom bar chart shows the distance between Alligator's teeth and lips ( moving averages with periods of 8 and 5). Bar charts can be red or deep blue depending on value of previous column (watch MACD indicator): red column is above the previous one, green is located below.
Popular article: Equidistant Channel
Equidistant Channel represents two parallel trend lines, which serve as support and resistance lines for the price. Basically it is inclined trading range with the lines connecting highest and lowest prices. Prevailing tendency is defined by a trader. If trend is upward, the line should be built along two lowest points (bottom – bottom). In case of downward trend, the line is built along two highest points (top - top) Parallel line is built as distant as possible from the trend line. The result will be equidistant channel within the borders of which fluctuation of currency rate takes place.
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