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Kvo

Combo Backtest 123 Reversal & Klinger Volume Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy 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. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script® strategy
by HPotter
1
Klinger Safety ZonesThis 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 security. It then compares all three values (HLC/3) to the previous period’s values to determine how volume should be factored into the KVO. If the current period’s price is greater than that of the previous period, then volume is added. It is subtracted, however, if the price is less than the previous period. This utilization of volume is what makes it an accurate tracker of money flow and a valuable confirmation indicator. This value is often called volume force or the “trend” line. A fast and slow EMA of the volume force are then calculated. The fast EMA has a smaller window length, while the slow EMA has a larger window. Traders can adjust the lengths of each EMA in the input option menu, but we chose the standard 55 and 34 period lengths as the default settings. We are finally left with the actual KVO value after subtracting the slow EMA from the fast EMA. The Klinger Oscillator uses a signal line similar to the MACD and many other indicators. The default length for it is 13, but that length can also be adjusted in the input menu. A shorter length will result in more responsiveness but possibly more false signals and whipsaws. The Chart and Interpretation: The histogram shows the KVO series. Remember, since the Oscillator represents the difference between the fast and slow EMA, the KVO is bullish when it is greater than zero and bearish when it is less than zero. When the KVO is greater than zero, the background on the chart is green, meaning that the trend is bullish and traders should look to go long. On the flip side, the background is red when the KVO is less than zero meaning traders should look to go short. The aqua line plotted on top of the histogram is the signal line. Here is a quick summary of the histogram colors: (if KVO > 0 and KVO > signal) then (color = teal) if (KVO > 0 and KVO < signal) then (color = lime) if (KVO < 0 and KVO < signal) then (color = red) if (KVO < 0 and KVO > signal) then (color = pink) Users can choose to have the candles change color to match the KVO histogram color by adjusting the setting in the input menu. ~Happy (and safe) trading~
Pine Script® indicator
by ProfitProgrammers
7
Klinger Volume Oscillator (KVO) 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.
Pine Script® indicator
by HPotter
12