The Klinger Histogram study visualizes the difference between primary Klinger Oscillator value and its EMA.
In price uptrend, look for extremely low Klinger histogram value followed by growth towards zero to find buying opportunities. Conversely, extremely high values with subsequent reduction towards zero suggest the Sell signal in downtrend. Trend direction can be defined using an 89 period EMA of price.
||The number of bars to calculate the EMA.|
||The Klinger Histogram.|
||The zero level.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.