The dichoptic combination of simple center-surround stimuli showing a contrast difference between eyes can trigger a lustrous impression in the fused percept, particularly when the contrast polarities in the two input images are of opposite sign. Recent developments suggest that the phenomenon of binocular luster results from a neural conflict between ON and OFF visual pathways at an early binocular level. Support for this idea was found in a previous study in which the empirical luster judgments strongly correlated with the predictions of an interocular conflict model which was based on such ON-OFF pairings. However, our original model could not account for the fact that weaker lustrous sensations can also be evoked by stimuli showing contrast polarities of same sign between eyes. In the present study we present an improved model that also includes ON-ON and OFF-OFF pairings. The predictive power of this model was tested in a series of four experiments, using a total of about 500 different center-ring-surround configurations as test stimuli. We found that, overall, our modified version accounts for more than 80% of the variance in the empirical luster judgments and that the former problems could be largely resolved. Our results further suggest a nonlinear transducer function for the binocular conflict signals.