Description: The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning from prior research on volume by such well-known technicians as Joseph ...Thiswebsiteusescookiestoensureyougetthebestexperienceonourwebsite.Tolearnmoreaboutcookies,includinghowtocontrolcookies,pleasereadourCookiesPolicy.BuynowTryitforfreeSupport/Knowledgebase/VolumeBased>KlingerVolumeOscillatorArticle/Author:"IdentifyingTrendswithVolumeAnalysis",StephenJ.Klinger,S&CMagazine,TradersTips,12/1997Download:kvo.elaFileIncludes:Indicator-KlingerVolumeOscFunction-KVOFunction-VForceCategory:Indicator>VolumeBasedDescription:TheKlingerOscillator(KO)wasdevelopedbyStephenJ.Klinger.Learningfrompriorresearchonvolumebysuchwell-knowntechniciansasJosephGranville,LarryWilliams,andMarcChaikin,Mr.Klingersetouttodevelopavolume-basedindicatortohelpinbothshort-andlong-termanalysis.TheKOwasdevelopedwithtwoseeminglyoppositegoalsinmind:tobesensitiveenoughtosignalshort-termtopsandbottoms,yetaccurateenoughtoreflectthelong-termflowofmoneyintoandoutofasecurity.TheKOisbasedonthefollowingtenets:Pricerange(i.e.High-Low)isameasureofmovementandvolumeistheforcebehindthemovement.ThesumofHigh+Low+Closedefinesatrend.Accumulationoccurswhentoday'ssumisgreaterthanthepreviousday's.Conversely,distributionoccurswhentoday'ssumislessthanthepreviousday's.Whenthesumsareequal,theexistingtrendismaintained.Volumeproducescontinuousintra-daychangesinpricereflectingbuyingandsellingpressure.TheKOquantifiesthedifferencebetweenthenumberofsharesbeingaccumulatedanddistributedeachdayas"volumeforce".Astrong,risingvolumeforceshouldaccompanyanuptrendandthengraduallycontractovertimeduringthelatterstagesoftheuptrendandtheearlystagesofthefollowingdowntrend.Thisshouldbefollowedbyarisingvolumeforcereflectingsomeaccumulationbeforeabottomdevelops.Usage:-Themostreliablesignalsoccurinthedirectionoftheprevailingtrend.Strictstopguidelines(i.e.,failuretopenetratethezerolineoraviolationofthetriggerline)shouldremaininforce.-Themostimportantsignaloccurswhenth