The oscillator is calculated in seven steps:
The average typical price is calculated – (H+L+C)/3
If the current typical price is greater than the average typical price of the previous bar, the turnover of the current bar gets a “plus” sign
If the current typical price is less than the average typical price of the previous bar, the turnover of the current bar gets a “minus” sign
A 34-period EMA of the turnover obtained in steps 2 or 3 is calculated
A 55-period EMA of the turnover obtained in steps 2 or 3 is calculated
The 34-period EMA is subtracted from the 55-period EMA; the result is plotted on the chart as a histogram
The EMA of the difference obtained in step 6 is calculated and plotted on the chart
MT4 Indicators – Download Instructions
Klinger Oscillator KVO is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Klinger Oscillator KVO provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Klinger Oscillator KVO.mq4?
- Download Klinger Oscillator KVO.mq4
- Copy Klinger Oscillator KVO.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Klinger Oscillator KVO.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Klinger Oscillator KVO.mq4 is available on your Chart
How to remove Klinger Oscillator KVO.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: Klinger Oscillator KVO