Klinger Oscillator: the 34-bar EMA minus the 55-bar EMA of volume force, with a 13-bar signal line.
Overview
The Klinger Oscillator, by Stephen Klinger, compares long-term and short-term volume flow, in its own pane. It has an oscillator line and a signal line in orange.
Colors are green while the oscillator is above its signal and red while below.
How it works
Trend = +1 when typical price (high + low + close) is higher than the previous bar, -1 when lower. Volume force uses volume, trend and the bar's range. KO = EMA(volume force, 34) - EMA(volume force, 55). Signal = EMA(KO, 13).
Lengths can be changed.
How to use it
- Some traders watch KO crossing its signal line.
- Use zero-line crosses as long-term flow changes.
- Look for divergence between KO and price.
- Use it with a trend filter to read crosses in context.
These are ways some traders read it, for learning. They are not trade signals.
Settings
| Setting | Default |
|---|---|
| Settings | |
| Fast LengthLength of the fast EMA applied to the volume force. | 34 |
| Slow LengthLength of the slow EMA applied to the volume force. | 55 |
| Signal LengthLength of the EMA applied to the oscillator to obtain the signal line. | 13 |
| Style | |
| BullishColor of the Klinger oscillator while above zero. | #089981 |
| BearishColor of the Klinger oscillator while below zero. | #f23645 |
| SignalColor of the signal line. | #ff9800 |
Alerts
You can alert on its line crossing a value or the candle close (from the chart's + menu); checked while ZoroCharts is open.
Notes and limits
- It needs volume data; on symbols without volume it shows nothing useful.
- The volume force also uses a running sum of bar ranges that resets when the trend flips.
Education only. Not financial advice. Indicators mark what happened on the chart; they do not predict what price will do. Trading futures, forex, crypto and other markets carries a high level of risk and may not be suitable for everyone.