HPotter

Klinger Volume Oscillator (KVO)

The Klinger Oscillator (KO) was developed by Stephen J. Klinger . Learning
from prior research on volume by such well-known technicians as Joseph Granville,
Larry Williams , and Marc Chaikin, Mr. Klinger set out to develop a volume-based
indicator to help in both short- and long-term analysis.
The KO was developed with two seemingly opposite goals in mind: to be sensitive
enough to signal short-term tops and bottoms, yet accurate enough to reflect the
long-term flow of money into and out of a security.
The KO is based on the following tenets:
Price range (i.e. High - Low) is a measure of movement and volume is the force behind
the movement. The sum of High + Low + Close defines a trend. Accumulation occurs when
today's sum is greater than the previous day's. Conversely, distribution occurs when
today's sum is less than the previous day's. When the sums are equal, the existing trend
is maintained.
Volume produces continuous intra-day changes in price reflecting buying and selling pressure.
The KO quantifies the difference between the number of shares being accumulated and distributed
each day as "volume force". A strong, rising volume force should accompany an uptrend and then
gradually contract over time during the latter stages of the uptrend and the early stages of
the following downtrend. This should be followed by a rising volume force reflecting some
accumulation before a bottom develops.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Quer usar esse script no gráfico?
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 09/06/2014
// The Klinger Oscillator (KO) was developed by Stephen J. Klinger. Learning 
// from prior research on volume by such well-known technicians as Joseph Granville, 
// Larry Williams, and Marc Chaikin, Mr. Klinger set out to develop a volume-based 
// indicator to help in both short- and long-term analysis.
// The KO was developed with two seemingly opposite goals in mind: to be sensitive 
// enough to signal short-term tops and bottoms, yet accurate enough to reflect the 
// long-term flow of money into and out of a security.
// The KO is based on the following tenets:
// Price range (i.e. High - Low) is a measure of movement and volume is the force behind 
// the movement. The sum of High + Low + Close defines a trend. Accumulation occurs when 
// today's sum is greater than the previous day's. Conversely, distribution occurs when 
// today's sum is less than the previous day's. When the sums are equal, the existing trend 
// is maintained.
// Volume produces continuous intra-day changes in price reflecting buying and selling pressure. 
// The KO quantifies the difference between the number of shares being accumulated and distributed 
// each day as "volume force". A strong, rising volume force should accompany an uptrend and then 
// gradually contract over time during the latter stages of the uptrend and the early stages of 
// the following downtrend. This should be followed by a rising volume force reflecting some 
// accumulation before a bottom develops.
////////////////////////////////////////////////////////////
study(title="Klinger Volume Oscillator (KVO)", shorttitle="KVO")
TrigLen = input(13, minval=1)
FastX = input(34, minval=1)
SlowX = input(55, minval=1)
hline(0, color=gray, linestyle=line)
xTrend = iff(hlc3 > hlc3[1], volume * 100, -volume * 100)
xFast = ema(xTrend, FastX)
xSlow = ema(xTrend, SlowX)
xKVO = xFast - xSlow
xTrigger = ema(xKVO, TrigLen)
plot(xKVO, color=blue, title="KVO")
plot(xTrigger, color=red, title="Trigger")
Donate BTC: 1MfdyXrs6UW8ZV5pzuB3cGHMKcYs9fy2cx

Comentários

how do I get this myself? Guessing you copy and paste the text somewhere to download and run it, but where?
Resposta
What are your or what are the best indicators for BTC?
Resposta
When i switch to a new chart in my list the indicator does not repopulate. Anything i can do to remedy this?
(I can only see new KO when i go back to the home page, click on a pair, and open up full featured chart)
Resposta
HPotter Nomallfx
@Nomallfx, To write about this problem to the support. When you will see "indicator does not repopulate".
Resposta
You have some great coding skills! TY. Would like to know if you could make a (Smart Money Index) It's a great tool to have! Heres a description of it. http://en.wikipedia.org/wiki/Smart_money_index TY for all the indicators you have developed!
Resposta
HPotter fxtrader66
Thx. I will try
Resposta
fxtrader66 HPotter
TY!
+1 Resposta
HPotter fxtrader66
The first attempt
Resposta
fxtrader66 HPotter
TY for the quick response, was quite surprised! I trade CFDs, does this work on a 1 hr time frame for the SPX500- US30 - GER30
(read your notes on time setting for ES) I have a similar version on my platform from FXCM that does not have the ability to enter the time frame of nine thirty, can only enter nine then length of session. so its a skewed reading. Yet it does give me an idea of what big money is doing. Here is a screen shot of the it Chart 1 http://s1336.photobucket.com/user/elpuerto93/media/smartmoneyindex_zpsedb1ca6b.png.html chart 2 http://s1336.photobucket.com/user/elpuerto93/media/SMI2_zps03f14e94.png.html Have a good day!
Resposta
Início Rastreador de Fundamentos Rastreador Forex Rastreador de Criptomoedas Calendário Econômico Como Funciona Recursos gráficos Preços Indique um Amigo Regras da Casa Central de Ajuda Soluções para Sites & Corretoras Widgets Soluções em Gráficos Biblioteca de Gráficos Lightweight Blog & Notícias Twitter
Perfil Configurações de perfil Conta e Cobrança Amigos indicados Moedas Meus Tíquetes de Suporte Central de Ajuda Mensagens Privadas Conversa Deslogar