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.
What are your or what are the best indicators for BTC?
Nomallfx
⋅
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)
HPotter
⋅
@Nomallfx, To write about this problem to the support. When you will see "indicator does not repopulate".
ryanramsden97
⋅
how do I get this myself? Guessing you copy and paste the text somewhere to download and run it, but where?
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. en.wikipedia.org/wiki/Smart_money_index TY for all the indicators you have developed!
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 s1336.photobucket.com/user/elpuerto93/media/smartmoneyindex_zpsedb1ca6b.png.html chart 2 s1336.photobucket.com/user/elpuerto93/media/SMI2_zps03f14e94.png.html Have a good day!