A new gyroscope-based gait phase detection system (GPDS) with ability to detect all seven phases of gait was proposed in this study. Gyroscopes were attached to each shank. Shank angular velocity, about the medio-lateral axis, was streamed to a PC and a rule-based algorithm was used to identify characteristics of the signals. Five subjects were asked to walk on treadmill at their self-selected speed while using this system. All 7 phases of gait: LR, MSt, TSt, PSw, ISw, MSw, and TSw were detected in real-time using only shank angular velocities. To quantify system performance, sensor data was compared to simultaneously collected motion capture data. Average gait phase detection delays of the system were less than 40ms except TSw (74ms). The present system, consisting of minimal sensors and decreased processing, is precise, cosmetic, economical, and a good alternative for portable stand-alone applications.