William Blau's Double Smoothed Stochastic
The William Blau Double Smoothed Stochastic Indicator gives a slightly different take on momentum. Instead of jumping around with every small price move, it smooths the stochastic calculation twice, which makes the lines calmer and often easier to read when the market gets noisy. You still get the familiar 0–100 scale, along with the 20, 50 and 80 levels, but the interesting part is how the two lines react around those areas. Sometimes they cross quickly, sometimes they hesitate, and sometimes momentum starts to turn while price is still pushing in the same direction. That last part is probably what makes the indicator worth watching. A chart can look perfectly normal, while the oscillator is already showing that something has changed underneath. It will not predict every reversal, of course — but from time to time, those small shifts tell you more than the price candles do at first glance.