Home / Forex MetaTrader Trading Indicators / Klinger Oscillator KVO MT4 Indicator by Stephen Klinger

Klinger Oscillator KVO MT4 Indicator by Stephen Klinger


KVO MQ4 Indicator  – This oscillator based on turnovers has been developed by Stephen Klinger.

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

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