An oscillator that attempts to define the general market direction.
Overview
The Gann Trend Oscillator has been adapted from Robert Krausz’s book, “A W.D. Gann Treasure Discovered”.
The Gann Trend Oscillator helps define overall market trend direction. An up-trending market is defined by a +1 value of the oscillator while a down-trending market is indicated by a -1 value.
The Gann Trend Oscillator on the EUR/GBP 4H chart 4/12/2011
Source: VT Trader
Interpretation
The Gann Trend Oscillator is meant to be used in conjunction with the Gann HiLo Activator and Gann Swing Oscillator indicators to form a trading system commonly known to as the “New Gann Swing Chartist Plan”. Within this methodology the Gann Trend Oscillator is used to determine the overall trend direction of the market, with the swing oscillator defining the swing direction and the activator providing an entry trigger and stop-loss position.
