• Get $40 off VIP by signing up for a free account! Sign Up

The Vostro Indicator for ThinkorSwim


Staff member
The VOSTRO indicator is a trend indicator that automatically provides buying and selling signals. The indicator marks in a window the potential turning points. The indicator is recommended for scalping.

The Vostro indicator determines the overbought zones (value greater than +80) and the oversold zones (less than the -80 level)
  • BUY signal: The Vostro curve moves below the -80 level and forms a trough – Turnaround of the upward trend
  • SELL signal: The Vostro curve moves above the +80 level and forms a peak – Downward trend
Original source: https://www.prorealcode.com/prorealtime-indicators/vostro-vst/


thinkScript Code

# The Vostro
# Assembled by BenTen at useThinkScript.com
# Converted from https://www.tradingview.com/script/3XngolO2/

declare lower;

input period156 = 100;
input level = 8;
input over = 80;
input under = -80;
def gd120 = sum(hl2, 5);
def gd128 = gd120 * .2;
def gd121 = sum(high - low, 5);
def gd136 = gd121 * .2 * .2;

def ibuff116 = (low - gd128) / gd136;
def ibuff112 = (high - gd128) / gd136;

def ibuff108 = if(ibuff112 > level and high > wma(hl2, period156), 90, if(ibuff116< -level and low<wma(hl2, period156), -90, 0));
def ibuff109 =if((ibuff112>level and ibuff112[1]>level) or(ibuff116<-level and ibuff116[1]<-8),0,ibuff108);

plot vostro = ibuff109;
plot upper = over;
plot lower = under;


Join useThinkScript to post your question to a community of 21,000+ developers and traders.

@BenTen After responding to literally thousands of user requests over the years I've learnt to read minds, or attempted to do so. Sometimes it works and sometimes it doesn't. That's why it is always best to be specific or misunderstandings can arise.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
150 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.