Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Averages). The top bar chart is the absolute difference between the values of the blue and the red lines. The bottom bar chart is the absolute difference between the values of the red line and the green line, but with the minus sign, as the bar chart is drawn top-down.
Technical Indicator Description
Full description of Gator is available in the Technical analysis: Gator Oscillator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7987
Fractals indicator it is a series of at least five successive bars, with the highest HIGH in the middle, and two lower HIGHs on both sides.Envelopes
Envelopes technical indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward.