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Klinger Volume Oscillator

This oscillator is used to determine long-term trends of money flow, while remaining sensitive enough to short-term fluctuations to predict short-term reversals. It compares the volume flowing in and out of a security to price movement, and it is then turned into an oscillator. A signal line (13-period moving average) is used to trigger transaction decisions. This technique is very similar to signals that are created with other indicators such as the MACD (moving average convergence divergence). The Klinger Oscillator also uses divergence to identify when price and volume are not confirming the direction of the move. It is considered to be a bullish sign when the value of the indicator is heading upward while the price of the security continues to fall. It is recommended to use other tools such as trendlines, moving averages and other indicators to confirm the reversal.

To apply a Klinger Volume Oscillator Indicator

  1. From within a chart, from the Edit menu select Studies.
  2. Choose Klinger Volume Oscillator and click Add to add the study to the Applied Studies group.
  3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

Important Disclosures