The Klinger volume oscillator is a volume-based indicator that functions to identify long-term trends of money flow of a particular security.KlingerVolumeOscillator:FullGuideVolumeindicatorsTheKlingervolumeoscillatorisavolume-basedindicator.Itidentifieslong-termtrendsofmoneyflowofaparticularsecurity.TheKlingervolumeoscillatorisavolume-basedindicatorthatfunctionstoidentifylong-termtrendsofmoneyflowofaparticularsecurity.Italsoremainsverysensitivetoshort-termfluctuationsandisalwayspredictiveofshort-termreversalsofthetrends.TheKlingervolumeworksonthebasisofcomparingthevolumeflowinginandoutofsecuritytopricemovement.Thecalculationsandtheindicator’sformulaareverycomplexbecauseoftheinvolvementofthedifferenceoftwomovingaveragesofforcevolumesanddifferenttimeframes. Whatyou'lldiscoverinthisarticle++show++1CalculationsandtheKlingervolumeindicator’sformula2WhatdoestheKlingervolumeindicatortelltraders?3HowtotradewiththeKlingervolumeindicator?4Thelimitationsoftheindicator5ConclusionStephenJ.KlingerdevelopedtheKlingervolumeoscillator.Itemployshigh,low,close,andvolumetogenerateavolumeforce.Thisvolumeforcethenturnsintoanoscillatorbygettingafastexponentialmovingaverageofthevolumeforceandsubtractingfromitaslowexponentialmovingaverageofthevolumeforce.Itconsistsoftwolines,usuallyredandblueincolor,fluctuatingaboveandbelowthezeroline.TheredlinerepresentsKlingerwhilethebluelineisthesignalline.The13-periodsmovingaverageisthebydefaultsignallinethathelpstoidentifytimestobuyorsell.Theindicatorrevolvesaroundtheconceptthathowvolumeisflowingthroughanassetandhowtheshort-termandlong-termpricesareaffectedbyit. CalculationsandtheKlingervolumeindicator’sformula ThecalculationsandtheKlingervolumeindicator’sformulaiscomplexandtradersdonotneedtocomprehendit.Instead,theyneedtofullyunderstandhowtointerprettheindicator.However,wearegoingtosharethebasicsofthecalculationsandtheKlingervolumeindicator’sformula.Thefirststepinvolvesthecalculationofthevolumeoscillatorbysubtractingthe34-periodexponentialmovingaverag