Klinger Oscillator is a popular and useful free Forex indicator for MT5. It is used to identify trends in the market and predict future price movements. The indicator is based on the Klinger Volume Oscillator, developed by Stephen Klinger in the 1980s. The indicator uses volume and price data to generate a signal that can be used to identify potential entry and exit points. The Klinger Oscillator uses two moving averages to identify trends. The first is the Klinger Volume Oscillator (KVO), which is calculated by subtracting a 26-period exponential moving average (EMA) from a 12-period EMA. The second is the Klinger Momentum Oscillator (KMO), which is calculated by subtracting a 9-period EMA from a 5-period EMA. When the KVO is above zero and the KMO is above zero, this is a bullish signal. When the KVO is below zero and the KMO is below zero, this is a bearish signal. The Klinger Oscillator is a popular and useful free Forex indicator for MT5. It is easy to use and can be used to identify potential entry and exit points in the market. It can also be used to identify divergences, which can be used to identify potential reversals. The indicator is a great tool for traders looking to gain an edge in the market.
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