What is the KVO Indicator for MT4?

The KVO indicator (pronounced “key-vo”) is a technical analysis tool that shows how often and intensely a particular currency pair changes its value. The indicator is typically used to give traders an idea of how volatile the price of a given currency is. It’s commonly used with forex (or foreign exchange) as it provides insight into the overall health of a given currency market.

KVO Indicator

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The indicator can be considered a sort-of biological gauge, with each green bar representing a significant change in the currency’s value and each red bar representing a weak change in the currency’s value. The indicator measures the strength and frequency of price movements for a given currency pair.

How to use the KVO Indicator for MT4?

The KVO indicator helps analyze trends and make informed trading decisions. It can be beneficial in identifying when a currency may weaken or strengthen and when it is likely to change direction.

One way to use the KVO indicator in MT4 is by creating a chart with two currencies (e.g., USD/EUR and GBP/USD). Then, you can select the desired currency pair and adjust the settings of the KVO indicator to see how it changes over time. You can also plot various values on your chart to understand how the indicator behaves in different scenarios.

KVO Indicator MT4 trading settings

To set up this indicator in the MT4 platform, select ‘Indicators’ from the menu bar, choose the ‘Forex’ category and then click the ‘Forex KVO Indicator’ button. To customize this indicator, you can use specific settings such as period, timeframe, and other parameters described in this article. You can also change the color scheme to suit your needs and preferences.

To do that, click on the ‘Color Scheme’ icon next to the ‘Indicators’ button and select the desired option from the dropdown list or customize it manually using the color picker tool at the screen’s bottom right corner. In addition, you can adjust settings for this indicator by accessing the ‘Settings’ tab in the same menu item and selecting desired options such¬† as smoothing type and lag settings.

KVO Indicator Advantages

The indicator helps identify opportunities in volatile markets by measuring how much a given currency pair moves relative to its previous trading range. In other words, if the value of one currency pair increases dramatically while the value of its partner remains relatively stable, this could indicate a significant shift in sentiment toward the first currency pair. Conversely, suppose one currency pair’s value decreases while its partner’s value remains relatively stable. In that case, this could indicate that there has been a reduction in overall volatility toward the first currency pair.

Overall, the KVO indicator is a helpful tool for identifying changes in market sentiment and volatility levels and providing valuable trading signals for those who are willing to take the time to analyze these changes carefully.

KVO Indicator Disadvantages

The disadvantage of using the KVO indicator is that it can be challenging to interpret and understand. It is important to note that this indicator does not give an accurate picture of the current state of an asset or market but rather gives an indication of how an asset or market has performed in the past. Therefore, it is essential to consider other factors when making investment decisions.

Indicator installation on MT4

The KVO (Klinger Volume Oscillator) Indicator is a custom indicator not included in the default set of hands available in the MetaTrader 4 (MT4) platform. However, you can easily install it by following these steps:

  1. Download the KVO Indicator file (usually a .ex4 or .mq4) to your computer.
  2. Open the MT4 platform and click “File” in the top left corner of the screen.
  3. Select “Open Data Folder” from the dropdown menu.
  4. In the window that appears, double-click on the “MQL4” folder and double-click on the “Indicators” folder.
  5. Copy the downloaded KVO Indicator file into the “Indicators” folder.
  6. Close and reopen the MT4 platform.
  7. The KVO Indicator should now be available in the list of indicators in the Navigator window (usually located on the left-hand side of the screen).
  8. Drag and drop the indicator onto a chart to apply it.

Note that different versions of the MT4 platform may have slightly different steps for installing custom indicators, but the basic process is the same.

KVO Indicator mt4

KVO Indicator mt4 free download


The KVO (Klinger Volume Oscillator) Indicator is a custom indicator that can be used to monitor the performance of assets or markets. It is important to note that the KVO does not give an accurate picture of the current state but instead provides an indication of past performance. Thus, it is essential to consider other factors when making investment decisions.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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