Oscillator of Oscillator

Oscillator of Oscillator is the general form of the oscillator of oscillator construction: a stochastic second layer applied to another oscillator instead of price. The first layer — RSI by default, or Stochastic %K, CCI, MFI, or Rate of Change — is optionally pre-smoothed, located inside its own recent high-low range on a 0–100 scale, then smoothed into %K and its %D signal line. %K colors by its side of the 50 midline, dashed lines mark the 80/20 extremes, and a dashboard spells out the two-pass pipeline and current state.

How to Trade the Oscillator of Oscillator?

• %K above 80: the first-layer oscillator is stretched high within its own recent range — the cross back below the level carries its own alert.
• %K below 20: the mirror stretch low; crossing back above is the recovery event.
• %K/%D crosses: the crossover trigger, alertable both ways; pane markers are off by default.
• 50 midline: the bias line — the %K color flip and the midline-cross alerts track it.

Second-layer extremes describe the oscillator, not price: a steady trend can swing the layer between extremes while price barely pauses, so anchor readings back to price structure.

Oscillator of Oscillator Settings

• Oscillator (default RSI): the first-layer base, per its standard definition.
• Length (default 14): the first-layer lookback.
• Source (default close): feeds the RSI and Rate of Change bases.
• Pre-Smoothing (default 1): SMA on the first layer; 1 means none.
• Stochastic Window (default 14): the second-layer lookback — shorter makes extremes frequent and cheap, longer behaves like the raw base.
• %K Smoothing (default 3) and %D Smoothing (default 3): output smoothing and its signal average.
• Overbought (default 80) and Oversold (default 20): the second-layer extremes.
• Show Dashboard (default enabled); Show %K/%D Cross Markers (default disabled).

Frequently Asked Questions

Is this just Stochastic RSI?

With RSI selected it follows the same two-pass template as Stochastic RSI. This build generalizes it — five bases, optional pre-smoothing, an explicit pipeline dashboard.

Why does it reach extremes so much more often than its base?

By design: the second layer rescales the base inside its own recent range, so mid-scale values print as extremes. It restores readability to sluggish inputs at the cost of extremes that individually mean less.

Can unbounded oscillators like CCI be used?

Yes — the stochastic layer normalizes whatever it wraps onto the 0–100 scale — precisely its value for unbounded bases like CCI and Rate of Change. The 80/20 levels then apply to any base.