Klinger Oscillator

The Klinger Oscillator compares the volume flowing in and out of a security to price movement, and is then turned into an oscillator. It is used by traders as a confirmation indicator i.e. price changes are confirmed by volume.

Klinger Oscillator

The Klinger Oscillator compares the volume flowing in and out of a security to price movement, and is then turned into an oscillator.  

 


Klinger Oscillator Calculation

Calculation of the Klinger Oscillator involves use of the Volume Force which combines close, high, low, and volume into a single indicator.  The result is then converted into the Klinger Oscillator by use of a fast (34 period) Exponential Moving Average (EMA) of the Volume Force minus a slow (55 period) Exponential Moving Average of the Volume Force. 

Klinger Oscillator Interpretation

The Klinger Oscillator (KO) is used by traders as a confirmation indicator i.e. price changes are confirmed by volume.  Alternatively, divergence between the Klinger Oscillator and price can signal a change in price trend.  In this case,  independent confirmation using another indicator is recommended.The Klinger Oscillator is intended to identify when price changes are confirmed by volume. The price is expected to follow the Klinger Oscillator if there is a divergence between the price and the indicator.



The Klinger Oscillator is intended to identify when price changes are confirmed by volume. The price is expected to follow the Klinger Oscillator if there is a divergence between the price and the indicator.

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