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CandleFocus Glossary Editor
Klinger Oscillator is a technical analysis indicator created by American economist and trader Stephen Klinger. It is commonly used to measure the money flow volume in the market and to identify potential trend changes.
The Klinger Oscillator is a combination of the Money Flow Index, Moving Average Convergence/Divergence (MACD) and the Rate of Change (ROC). To calculate the indicator, the closing price of a security is compared to the range of its high and low in a specified period. The Money Flow Index is then applied to the spread for a reading that reflects the overall trend.
The Klinger Oscillator forms part of the money flow volume, which is calculated by subtracting the current low from the current high and multiplying the result by the current volume. This figure is then divided by the same day’s volume, to give a figure which reflects the money flowing into and out of the security.
The Klinger Oscillator is a key component of many technical analysis strategies. It is usually used to determine when the market is overbought or oversold. The indicator is considered overbought when the value moves beyond the 80 line and oversold when the value falls beneath the 20 line. Between these two extremes, the oscillator can be used as an entry and exit indicator for trading strategy.
Additionally, the Klinger Oscillator can also be used to detect short-term divergence in the market. This occurs when the price of the security moves in one direction and the indicator moves in the opposite direction. This divergence is often indicative of a potential trend change, making it an important signal for traders and investors.
The Klinger Oscillator is a powerful tool which can be used to measure money flow volume and determine potential trend changes. Its signals should be used in accompaniment with other technical analysis indicators to ensure maximum accuracy. It is also important to note that Klinger Oscillator will not pick up on every trend change and should be used in conjunction with other indicators to get the best possible results.
The Klinger Oscillator is a combination of the Money Flow Index, Moving Average Convergence/Divergence (MACD) and the Rate of Change (ROC). To calculate the indicator, the closing price of a security is compared to the range of its high and low in a specified period. The Money Flow Index is then applied to the spread for a reading that reflects the overall trend.
The Klinger Oscillator forms part of the money flow volume, which is calculated by subtracting the current low from the current high and multiplying the result by the current volume. This figure is then divided by the same day’s volume, to give a figure which reflects the money flowing into and out of the security.
The Klinger Oscillator is a key component of many technical analysis strategies. It is usually used to determine when the market is overbought or oversold. The indicator is considered overbought when the value moves beyond the 80 line and oversold when the value falls beneath the 20 line. Between these two extremes, the oscillator can be used as an entry and exit indicator for trading strategy.
Additionally, the Klinger Oscillator can also be used to detect short-term divergence in the market. This occurs when the price of the security moves in one direction and the indicator moves in the opposite direction. This divergence is often indicative of a potential trend change, making it an important signal for traders and investors.
The Klinger Oscillator is a powerful tool which can be used to measure money flow volume and determine potential trend changes. Its signals should be used in accompaniment with other technical analysis indicators to ensure maximum accuracy. It is also important to note that Klinger Oscillator will not pick up on every trend change and should be used in conjunction with other indicators to get the best possible results.