Klinger Volume Oscillator

Klinger Volume Oscillator was created by Stephen J. Klinger with the aim of analyzing the relationship between price and volume in the short, but also in the medium term. The calculation method is based on three different surveys: the price range, the volume and the accumulation or distribution over the period considered. The reasoning behind its creation lies mainly in the fact that the volume, together with the prices, causes a greater pressure of demand or supply, which is why it is necessary to give importance to prices but also to the strength of the volume that cause the ascent or price drop Being so closely linked to the price / volume trend with particular reference to their correlation, it is quite logical and necessary that the indicator is used mainly to identify divergences that may highlight excess or downward price overhangs, thus showing new highs or lows which are not accompanied by a corresponding force on the volumes. In the standard calculation for the creation of the Klinger Volume Oscillator the difference between an “Exponential Moving Average” at 34 periods and one at 55 periods with a trigger line at 13 periods is used.