The Klinger Volume Oscillator was developed by Stephen J. Klinger. It is a conformation indicator. It uses high, low, close and volume to create a volume force.HomeSupportStudiesKlingerVolumeOscillatorKlingerVolumeOscillatorTheKlingerVolumeOscillatorwasdevelopedbyStephenJ.Klinger.Itisaconformationindicator.Ituseshigh,low,closeandvolumetocreateavolumeforce.Thisvolumeforce(VF)isthenturnedintoanoscillatorbytakingafastEMAofVFandsubtractingaslowEMAofVF.Asignalline(KOS),whichisanEMAoftheKlingerOscillator(KO),isplottedtotriggertradingsignals.Theusermaychangethemethod(EMA),andperiodlengths.Thisindicator’sdefinitionisfurtherexpressedinthecondensedcodegiveninthecalculationbelow.HowToTradeUsingKlingerVolumeOscillatorAlthoughsignalsaregeneratedasshowninthecalculation,theKlingerVolumeOscillatorisconsideredaconformationindicatorandshouldbeusedinconjuctionwithotherindicators.HowToAccessinMotiveWaveGotothetopmenu,chooseStudy>VolumeBased>KlingerVolumeOscillatororgotothetopmenu,chooseAddStudy,starttypinginthisstudynameuntilyouseeitappearinthelist,clickonthestudyname,clickOK.ImportantDisclaimer:Theinformationprovidedonthispageisstrictlyforinformationalpurposesandisnottobeconstruedasadviceorsolicitationtobuyorsellanysecurity.PleaseseeourRiskDisclosureandPerformanceDisclaimerStatement.Calculation//method=movingaverage(ma)userdefined,defaultisEMA//fastPeriod=userdefined,defaultis34//slowPeriod=userdefined,defaultis55//signalPeriod=userdefined,defaultis13//index=currentbarnumberlastCm=CM[index-1];lastHigh=high[index-1];lastLow=low[index-1];lastClose=close[index-1];lastDm=lastHigh-lastLow;lastTrend=TREND[index-1];if(lastTrend==null)lastTrend=-1;if((high+low+close)moreThan(lastHigh+lastLow+lastClose))TREND=1;elseTREND=-1;dm=high-low;if(TREND==lastTrend)CM=lastCm+dm;elseCM=lastDm+dm;if(CM==0)temp=-2;elsetemp=abs(2*(dm/CM-1));VF=volume*temp*TREND*100;koFast=ma(method,index,fastPeriod,VF);koSlow=ma(method,index,slowPeriod,VF);Plot1:KO=koFast-koSlow;Plot2:KOS=ma(method,index,signalPeriod,KO);//