The indicator, upon breakout, changes from dotted line to solid line.

The definition of an uptrend is that the price closes above the previous peak. There is one more twist about the indicator: This indicator changes colour when 'trend' changes. Note that they are different from the popular indicator of fractal, which is invented by Bill Williams. Valleys (upswing): preceded by 2 lowers lows and followed by 2 higher highs. The definitions of peaks and valleys are as follows: Peaks (downswing): preceded by 2 lowers highs and followed by 2 lower lows. It is a ZigZag line that joins up the peaks and valleys of the chart. The Gann Swing Trend The second indicator is called the Gann Swing Trend Indicator. Once the previous dot is broken through, entry is immediately done, with stoploss being the last high or low, depending on the direction. The value of the dot can only be shown after the bar is closed As you can see, it works very much like the Parabolic SAR: when the indicator changes from blue to red, it signals a top, and when red to blue it's a bottom. When the last blue dot is broken through (open above and close below), only red dots are shown, and vice versa. The red dots are the 3-bar mean of recent highs (including current one), and the blue dots are the mean of the lows of the current 3 bars. The High-Low Activator Click to Enlarge The first one is called the HiLo Activator, which are the red and blue dots on the charts. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities. I saw two simple indicators in Robert Krausz's book, W.D.

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