Gann Swing Oscillator Oil Technical Analysis & Gann Swing Oscillator Trading Signals
Created by Robert Krausz.
This oil indicator is an oscillator and is used to help define market swings.
Swing up - A market swing up is defined by 2 higher highs while a market
Swing low - A market swing low is defined by 2 lower lows.
The oscillator oscillates between values of +1 & -1:
- An up-swing is indicated by a +1 value of the oscillator while
- A down-swing is indicated by a -1 value of the oscillator.
Crude Oil Technical Analysis and Generating Trading Signals
Bullish Trading Signal - A buy is generated within a buy trend that is defined by the Gann Trend Oscillator, the buy oil signal is generated when both these are at the top value.
Bearish Crude Trading Signal - A sell is generated within a sell trend that is defined by the Gann Trend Oscillator, the sell oil signal is generated when both of these are at the bottom value.
Gann Trend Oscillator - Determine long-term Oil trend
Gann Swing Oscillator - Determine short-term oil trend (Swing/Entry Points).
The Swing Oscillator is meant to be used in combination with the Gann HiLo Activator and Gann Trend indicator to form a crude oil system technique commonly referred to as the: 'New Gann Swing Chartist Plan'. Within this methodology the Swing Oscillator is used to help determine market direction for trading only within the current oil market trend shown by the Oil Trend indicator.
In the Example Below 'New Gann Swing Chartist Plan' oil system has been shown. The oil trend (downward oil trend) is determined by the Oil Trend Oscillator and the entry point determined by the Swing Oscillator.
New Swing Chartist Plan