Creator of the Klinger Volume Oscillator
Stephen J. Klinger
Stephen J. Klinger, CMT, is a technical analyst who designed the Klinger Volume Oscillator to track long-term money flow while staying responsive to short-term swings in volume. He described it in 'Identifying Trends With Volume Analysis' in Technical Analysis of Stocks & Commodities in December 1997.
What they argue
- Volume is a proxy for money flow and reveals the internal strengths and weaknesses of price action.
- The most powerful signal is an extreme reading above or below zero that reverses, warning that the trend is exhausted.
Sources
Traders.com store: Klinger, 'Identifying Trends with Volume Analysis', S&C V.15:12 (December 1997)Traders.com: article excerpt (December 1997)Wikipedia: Volume analysis (Klinger Volume Oscillator)
Summaries are Be The Puck's paraphrase of public material. Be The Puck has no affiliation with the people listed.
Klinger Volume Oscillator (34/55-day, 13-day trigger)
Rule and full recordVolume & money flow · daily
Volume signed by the direction of the day's typical price and weighted by how long that direction has lasted, run through 34 and 55-day averages. Hold while it is above its 13-day trigger line.
In right now238 of 377As of the Oct 13, 2026 close.
Best risk-adjusted results against buy and hold: