The Klinger Oscillator (KVO) is a popular and useful Forex indicator for MT4. It is a free indicator that offers a unique way to identify potential reversals in the market. The KVO indicator is based on the idea that a change in volume precedes a change in price. It combines both volume and price data to generate signals that can help traders identify when a trend is about to reverse. The KVO indicator is composed of two lines: the Klinger Volume Oscillator (KVO) line and the signal line. The KVO line is calculated by subtracting a longer moving average of the volume from a shorter moving average of the volume. The signal line is calculated by taking the average of the KVO line over a period of time. When the KVO line crosses over the signal line, it is a signal that the trend is about to change. The indicator is available for free on MT4, making it a popular choice among traders.
MT4
Klinger Oscillator
The Klinger Oscillator (KVO) is a useful Forex indicator for MT4 that is popular among traders. The KVO indicator is based on the difference between two moving averages of different lengths, and it helps traders identify potential reversals in the market. It is a useful tool for traders who are looking to make informed decisions in the Forex market.
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Category: Stochastic
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Description
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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