Good evening,
I would like to built the Klinger indicator in VJF but it is accepted a support
It is an indicator to identify trends with volume analysis with reference at MTA journal.
The indicator is calculated increasing of a unity the variable "trend" each time the sum of high, low and close is greater than the previous candle. In other case if is lower the variable is decremented of one unity.
To obtain the KVO indicator the "trend" variable is multiplied by the volume and by a mathematical value (V).
Where V= 2*((dm/cm)-1)
dm = (high -low)
cm = (dm(previous candle)+dm)
and if the "trend" is egual to the previous candle
cm=(cm(previous candle)+dm)
Obtained the value KVO="trend"*volume*V it should be considered its ema13 (TRIGGER, the ema should be based on the KVO not on the price).
After obtained the ema13 (KVO) it should be obtained the difference between the ema34 (based on volume) and ema 55 (based on volume).
It could be utilized this indicator for two different strategy:
1 - If the trend is bullish a possible entry trade is when the KVO arrive below 0 and the cross from the bottom to the top the TRIGGER line.
2-The KVO is positive, the KVO cross its TRIGGER line, the closing should be greater than the Parabolic Sar
The exit of the strategy is with a dynamic SL based on ATR14.
I dunno how to built the EMA for the volume and for the KVO and I dunno if the way to find the KVO have any sense. Does any expert indicate how to proceed ?
Thx
