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Date/Time: Sun, 28 Apr 2024 07:52:37 +0000



Post From: New Gann Swing Chartist Plan oscillators

[2020-09-21 05:45:31]
SC Support Tom - Posts: 450
I just wanted to give you an update. I have been researching this via Krausz' book (attached as a .pdf file).

These two studies are proving to be more problematic than I had anticipated.

First, with regard to the Gann Swing Oscillator (GSO), the link in Post #1 gives the following conditions for an Up Swing, and hence a value of GSO = 1.

* H[-1] > H[-2]
* H > H[-1]

It further gives the following conditions for a Down Swing, and hence a value of GSO = -1.

* L[-1] < L[-2]
* L < L[-1]

Here is the problem: there is no reason that both sets of conditions cannot be satisfied for the same triplet of bars. Krausz' book is thus far of no help in clarifying this, because it gives the same conditions on page 12.

Second, with regard to the Gann Trend Oscillator (GTO), the link in Post #1 does not state the conditions for Up Trends and Down Trends. Krausz is once again of no help, as he presents "definitions" of these concepts on page 14 of his book that are circular; an Up Trend is defined in terms of a Down Trend, and a Down Trend is defined in terms of an Up Trend.

The development of these indicators will have to wait until I can get to the bottom of these issues. If anyone here who is more familiar with these indicators than I am can shed some light on this, it would be appreciated.
attachmentKrausz - W.D. Gann Treasure Discovered.pdf - Attached On 2020-09-21 05:36:53 UTC - Size: 9.41 MB - 505 views