OPEN-SOURCE SCRIPT

Price × Volume Momentum (FSTO / RSI / Avg)

191
decided to combine my PXVS and PXVR in to one script. user has the option to use FSTO, RSI, or the average between the two oscillators.

the oscillator components have been modified to range from -100 to +100 to express directional magnitude.

volume remains 0 to 100, so it can function as a direction-neutral amplifier.

The result is a bi-directional composite oscillator that:

>> Emphasizes congruent signals (e.g., strong price direction with strong volume).

>> Minimizes misleading or incongruent signals from high volume paired with neutral or conflicting price movement.

Ideal for identifying high-conviction breakouts and momentum divergences with volume support.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.