Price x Vol Stochastic

14 saat önce

An enhanced Fast Stochastic (FSTO) indicator that integrates volume as a conviction amplifier.

This script modifies the price stochastic to range from −1 to +1, allowing it to express directional momentum. Volume stochastic remains in the range of 0 to +1, serving as a direction-neutral amplifier.

The result is a bi-directional composite stochastic 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.

14 saat önce

Sürüm Notları

added option to set guidelines level

6 saat önce

Sürüm Notları

updated with conviction-based fill and new picture for comparison with traditional FSTO.

added options for differing stochastic lengths between price and volume.

the plot fill color accumulates as the number of times where the price approaches the zero-line and reverses back away without touching zero. this is a signal that the trend is retesting to continue onward.

check out the RSI version of this indicator, the PXVR!

6 saat önce

Sürüm Notları

updated picture for comparison with traditional stochastic