Klinger Oscillator
VolumeOwn panel belowNeeds volumeCompares the direction of volume through a short and a long lens.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It signs each day's volume using the bar's high, low and close, then takes the gap between a short and a long average. The cross with its signal line reads as a change.
Where it misleads
The arithmetic is involved, so it is hard to trace why any single reading moved.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Price Volume TrendA running total that adds only the fraction of volume matching the day's percentage move.
- Negative Volume IndexA running total that only changes on days when volume fell.
- Positive Volume IndexA running total that only changes on days when volume rose.
- Percentage Volume OscillatorThe gap between a short and a long average of volume, as a percentage.
- Net VolumeVolume drawn as a positive bar on up bars and a negative one on down bars.
- Volume OscillatorHow much heavier the short average of volume is than the long one, in percent.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.