A remix of the built-in Divergence Indicator that uses a Klinger Volume Oscillator instead of RSI to help spot divergent patterns in volume activity in relation to price. Additions: Basic color coding: Positive volume (above center line) == buying - Negative volume (below center line) == selling Alerts for Bullish, Hidden Bullish, Bearish, and...
Divergence screener for KVO Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
This indicator is based on the Klinger Volume Oscillator, or KVO. The KVO is pretty cool since it can track long-term changes in money flow (both into and out of a market), as well as respond and predict short term price fluctuations. The Klinger Oscillator determines the direction (or trend) of money flow based on the high, low, and closing price of the...
This indicator was originally developed by Stephen J. Klinger (Stocks & Commodities, V.15:12 (December, 1997): "Identifying Trends with Volume Analysis"). NOTE : this is the only correct version of Klinger Volume Oscillator in the public library. Like and follow for more open source indicators! Happy Trading!
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...