The Klinger Volume Oscillator was developed by Stephen Klinger. The study uses the difference between two exponential smoothed moving averages of the “Volume Force” and includes a signal line.
Formula
Key Pricet = (Hight + Lowt + Closet)/3
Key Pricet-1 = (Hight-1 + Lowt-1 + Closet-1)/3
Volume Force = VF = (if Key Pricet > Key Pricet-1 , Volume otherwise -Volume)
KVO = EMAshort−period (VF)− EMAlong−period (VF)
KVO Signal = EMAsignal (KVO)
Klinger Oscillator Signal line = KOS = 13 Period EMA of KVO
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Parameter |
Description |
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Display |
Opens sub-window to set parameters •Markit = Opens Specify Conditions window. •Color = Line color. •Weight = Line thickness. •Display = Line style: line, dashed, dotted, gapopen, gapdotted or histogram. •ShareScale = Determines whether sharing of the vertical scales between studies is accepted. Auto = System determine whether sharing is feasible. On = Scale is shared regardless of the functions and studies displayed. Off = Scale is not shared. ShareScale must be On if study is overlaid on a study with multiple outputs. |
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KOS |
Check to display the Signal Line for the KVO. |
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FastPeriod |
Number of bars in the lookback range for the EMA. |
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SlowPeriod |
Number of bars in the lookback range for the EMA. |
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SignalPeriod |
Number of bars in the lookback range for the EMA. |