OPEN-SOURCE SCRIPT
Klinger Oscillator Advanced
Mis à jour
The Klinger Oscillator is not fully implemented in Tradeview. While the description at de.tradingview.com/chart/?solution=43000589157 is complete, the implementation is limited to the pure current volume movement. This results in no difference compared to the On Balance Volume indicator.
However, Klinger's goal was to incorporate the trend as volume force in its strength and duration into the calculation. The expression ((V x [2 x ((dm/cm) - 1)] x T x 100)) for volume force only makes sense as an absolute value, which should probably be expressed as ((V x abs(2 x ((dm/cm) - 1)) x T x 100)). Additionally, there is a need to handle the theoretical possibility of cm == 0.
Since, in general, significantly more trading volume occurs at the closing price than during the day, an additional parameter for weighting the closing price is implemented. In intraday charts, considering the closing price, in my opinion, does not make sense.
The TradeView implementation is displayed on the chart for comparison. Particularly in the analysis of divergence, significant deviations become apparent.
However, Klinger's goal was to incorporate the trend as volume force in its strength and duration into the calculation. The expression ((V x [2 x ((dm/cm) - 1)] x T x 100)) for volume force only makes sense as an absolute value, which should probably be expressed as ((V x abs(2 x ((dm/cm) - 1)) x T x 100)). Additionally, there is a need to handle the theoretical possibility of cm == 0.
Since, in general, significantly more trading volume occurs at the closing price than during the day, an additional parameter for weighting the closing price is implemented. In intraday charts, considering the closing price, in my opinion, does not make sense.
The TradeView implementation is displayed on the chart for comparison. Particularly in the analysis of divergence, significant deviations become apparent.
Notes de version
The Klinger Oscillator is not fully implemented in Tradeview. While the description at de.tradingview.com/chart/?solution=4... is complete, the implementation is limited to the pure current volume movement. This results in no difference compared to the On Balance Volume indicator.However, Klinger's goal was to incorporate the trend as volume force in its strength and duration into the calculation. The expression ((V x x T x 100)) for volume force only makes sense as an absolute value, which should probably be expressed as ((V x abs(2 x ((dm/cm) - 1)) x T x 100)). Additionally, there is a need to handle the theoretical possibility of cm == 0.
Since, in general, significantly more trading volume occurs at the closing price than during the day, an additional parameter for weighting the closing price is implemented. In intraday charts, considering the closing price, in my opinion, does not make sense.
The TradeView implementation is displayed on the chart for comparison. Particularly in the analysis of divergence, significant deviations become apparent.
Update
Deleting debugging info's an renew the char
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.