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Klinger Oscillator MT4 | Free Download 

 October 22, 2022

By  Advanced Strategies

The Klinger Oscillator is a technical indicator used to identify possible reversals in the market. It was developed by Stephen J. Klinger and first published in Commodities Magazine in 1983. The Klinger oscillator is a momentum oscillator that measures the difference between two moving averages. The moving averages used can be of any length, but the most common lengths are 13- and 34-period moving averages. The Klinger oscillator is similar to other momentum oscillators, such as the MACD, RSI, and Stochastic oscillator. However, it has a few key differences that make it unique. In this blog post, we will discuss the Klinger oscillator, how it works, and how to use it in your trading. We will also provide a free download for the Klinger oscillator MT4 indicator.

What is a Klinger Oscillator MT4?

A Klinger Oscillator is a technical indicator used to identify possible trend reversals by measuring the momentum of price. The Klinger Oscillator is based on a moving average of price action and is designed to produce consistent buy and sell signals. The indicator can be used on all timeframes and works best when used in conjunction with other technical indicators.

Klinger Volume Oscillator MT4 DownloadClaim Your FREE USD30

How to Use a Klinger Oscillator MT4?

The Klinger Oscillator is a technical indicator that was developed by Stephen Klinger in the late 1980s. The oscillator is designed to identify long-term trends in the market and is considered to be a leading indicator. The Klinger Oscillator is calculated using both price and volume data.

To use the Klinger Oscillator, first identify the long-term trend of the market. Then, look for divergences between the oscillator and price. A bullish divergence occurs when the oscillator makes a higher low while price makes a lower low. This indicates that underlying momentum is increasing and that prices may start to move higher. A bearish divergence occurs when the oscillator makes a lower high while price makes a higher high. This indicates that underlying momentum is decreasing and prices may start to move lower.

Once you have identified a divergence, wait for confirmation before taking any action. A bullish divergence will be confirmed when the Klinger Oscillator crosses above its signal line. A bearish divergence will be confirmed when the Klinger Oscillator crosses below its signal line.

The signal line is simply a 9-period moving average of the Klinger Oscillator itself. Some traders choose to use other periods, such as 7 or 13, but 9 seems to work well in most cases.
When trading with the Klinger Oscillator, it’s important to remember that divergences can last for extended periods of time before

Reliable Trade Signals with the Klinger Volume Oscillator MT4
Reliable Trade Signals with the Klinger Volume Oscillator MT4

Pros and Cons of a Klinger Oscillator MT4

The Klinger Oscillator is a technical indicator that was developed by Stephen Klinger in the late 1980s. The oscillator is designed to identify trend reversals and is based on the premise that market trends tend to stay in place longer than the underlying price action.

The Klinger Oscillator consists of two lines, the Klinger Volume Weighted Average (KVWA) and the Klinger Momentum (KM). The KVWA is calculated using volume-weighted moving averages, while the KM is calculated using simple moving averages.

The main advantage of the Klinger Oscillator is that it can be used to trade both long and short-term trends. The oscillator can also be used to trade both bull and bear markets.

Another advantage of the Klinger Oscillator is that it is relatively easy to interpret. The main disadvantage of the oscillator is that it may generate false signals in choppy markets.

Klinger Volume Oscillator MT4 Strategy and Trading Rules

The Klinger Volume Oscillator was developed to be used in short-term trading as well as in long-term trading and no matter what type of trader you are, you can benefit from using this oscillator in combination with your own strategy. The Klinger Volume Oscillator MT4 indicator can also be used as a standalone strategy and going forward, we’re going to learn the buy/sell signal rules:

  • Buy Signal: When the signal line (red line) crosses above the zero level and the histogram is showing buying pressure (above the zero line) buy at the market using a protective stop loss below the most recent swing low. Take profit once the histogram crosses back below the zero line.
  • Sell Signal: When the signal line (red line) crosses below the zero level and the histogram is showing selling pressure (below the zero line) sell at the market using a protective stop loss above the most recent swing low. Take profit once the histogram crosses back above the zero line.

 

Klinger Volume Oscillator MT4
Klinger Volume Oscillator MT4 Long and Short Trade Examples

The Klinger Volume Oscillator was developed with two seemingly opposite goals in mind, firstly to be sensitive enough to signal short-term tops and bottoms and secondly it had to be accurate enough to reflect the long-term trend.

Recommended Time Frames for Klinger Volume Oscillator MT4

Technically speaking, you can use this MT4 indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.

Klinger Oscillator MT4 Conclusion

The Klinger Oscillator is a great tool for any trader, especially those who are new to the world of Forex trading. It is simple to use and understand, yet it provides a wealth of information that can be used to make profitable trades. The oscillator is also free to download, which makes it an even more attractive option for those looking for a reliable trading tool.


Klinger Volume Oscillator MT4 Download

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Visit our Free MT4 Indicator Download page. We hope you have enjoyed this post as much as we have creating it. Good luck and thank you for your readership.


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