Trends/Volume and money flow

Klinger oscillator

A long-term money flow measure that compares fast and slow averages of volume force.

Volume and money flowBest on 6M, 1YAlso called KVO

Illustration of the Klinger oscillator shape. It is a sketch, not real price data.

What it shows

Stephen Klinger's oscillator assigns each bar a volume force, which is positive when the typical price rises and negative when it falls, scaled by the bar's range. It subtracts a 55-bar EMA of this force from a 34-bar EMA.

It is built to follow the long-term flow of volume while still reacting to short-term changes.

How we find it

The same code that draws it on your chart follows these steps, with the same result every time.

Trend = +1 if typical price rose, −1 if it fell.
Volume force = volume × trend × a range factor.
KVO = EMA(34) of force − EMA(55) of force.
Signal = EMA(13) of KVO.

Starting values: Fast 34; Slow 55; Signal 13. These are proposed and will be tuned on real price data before launch.

How to read it

The panel shows KVO and its signal.
Above zero: fast flow above slow.
The two lines cross.

Status labels you may see

Label	What it means
Above zero	KVO above zero.
Below zero	KVO below zero.
Near zero	Within 5% of range.

What cancels it

Nothing cancels it.

What traders check next

Signal line crosses.
Divergence with price.
Volume data.

Limits

Complex formula with several variants.
Lags.
In volume units.

Try it in forecastviz

Open any ticker and choose Volume and money flow → Klinger oscillator in the left menu.
Switch between 6M, 1Y to see how the picture changes.
Compare with Chaikin oscillator and On-balance volume on the same chart.

Open on a ticker

Questions

Why is the formula so long?

It tries to capture long-term flow and short-term change.

Is it widely used?

Not as much as CMF or OBV.