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Gann Swing Oscillator

Gann Swing Oscillator

This lesson will cover the following

  • Definition
  • Interpretation

Developed by Robert Krausz as well, the Gann Swing Oscillator complements the Gann HiLo Activator and the Gann Trend Oscillator and is used to help define market swings, assisting the traders decision-making.

The Gann Swing Oscillator can indicate that the market is either in an up-swing, or in a down-swing. Its results are plotted on a scale ranging between +1 and -1.

An up-swing is defined by 2 higher highs and is signified by the indicator having a value of +1. Conversely, a downswing is defined by 2 lower lows and is accompanied by the oscillator hitting a value of -1. Here is how the indicator is visualized in a trading platform.

Gann Swing Oscillator

Chart source: VT Trader

As we said in the previous article, the Gann HiLo Activator, Gann Swing Oscillator and Gann Trend Oscillator are combined together in the so-called “New Gann Swing Chartist Plan” strategy.

More particularly, the Gann Trend Oscillator determines the long-term trend, while the Swing Oscillator defines short-term movements. Convergences between the two are traded in their direction. Read about the Gann Trend Oscillator in the next article for additional information and examples of combined usage.