Stochastic Z-Score

Free TradingView Indicator by AlgoAlpha — Momentum & Oscillators

This indicator is a custom-built oscillator called the [b]Stochastic Z-Score[/b], which blends a volatility-normalized Z-Score with stochastic principles and smooths it using a Hull Moving Average (HMA). It transforms raw price deviations into a normalized momentum structure, then processes that through a stochastic function to better identify extreme moves. A secondary long-term momentum component is also included using an ALMA smoother. The result is a responsive oscillator that reacts to sharp imbalances while remaining stable in sideways conditions. Colored histograms, dynamic oscillator bands, and reversal labels help users visually assess shifts in momentum and identify potential turning points.