Klinger Volume Oscillator (KVO)

Category: volume, momentum

An oscillator that tracks volume flow based on price trend and candle positioning, used to identify long-term money flow trends and short-term reversals.

Formula

\begin{cases} HLC3 = (H+L+C)/3 \\ T = \text{1 if } HLC3 > HLC3_{prev}, \text{-1 if } HLC3 < HLC3_{prev}, \text{else } T_{prev} \\ CM = |2 \cdot (\frac{H-C}{H-L}) - 1| \\ DM = T \cdot Volume \cdot CM \\ KVO = EMA(DM, fast) - EMA(DM, slow) \\ Signal = EMA(KVO, signal) \end{cases}

Inputs

• fast_period (default: 34)
• slow_period (default: 55)
• signal_period (default: 13)

See signal primitives and every published strategy that uses Klinger Volume Oscillator (KVO) on WOBR StrategyVerse.