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Premier Stochastic Oscillator with z-score

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Premier Stochastic Oscillator with Z‑Score
This enhanced version of the Premier Stochastic Oscillator (by LazyBear) adds a Z‑Score overlay to highlight overbought and oversold conditions more intuitively:

Base oscillator uses smoothed stochastics and exponential scaling for clean momentum readings.

The custom Z‑Score transforms key stoch values into standardized levels:

0 → Z = 0

±0.4 → Z = ∓1

±0.8 → Z = ∓2

±1.2 → Z = ∓3

The Z‑Score is plotted as a blue line, making extreme conditions and mean reversion signals easy to spot.

All parameters (lengths, scaling, smoothing) are fully customizable.

Use this tool to visually track momentum exhaustion and potential reversals based on clearly defined Z‑Score thresholds.

Penafian

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