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...
Klinger Oscillator KVO:
Oscillator based on turnovers
Author: LeMan