The upper kHz QPO: a gravitationally lensed vertical oscillation
  We show that a luminous torus in the Schwarzschild metric oscillating along its own axis gives rise to a periodically varying flux of radiation, even though the source of radiation is steady and perfectly axisymmetric. This implies that the simplest oscillation mode in an accretion flow, axisymmetric up-and-down motion at the meridional epicyclic frequency, may be directly observable when it occurs in the inner parts of accretion flow around neutron stars and black holes. The high-frequency modulations of the X-ray flux observed in low-mass X-ray binaries at two frequencies (twin kHz QPOs) could then be a signature of strong gravity both because radial and meridional oscillations have different frequencies in non-Newtonian gravity, and because strong gravitational deflection of light rays causes the flux of radiation to be modulated at the higher frequency. 
M. Bursa, M. A. Abramowicz, V. Karas, W. Kluzniak