JMA double stochastic

The power of using low-lag, ultra smooth indicators is that you can safely experiment with feeding one indicator to another without signal degradation. Here is one such example...

This indicator feeds one JMA based fast %K stochastic into another identical stochastic and plotted the results. This double stochastic analyzes market acceleration, which is synchronized with rapid market reversals, typically found in a tight trading range.

Note how well this double stochastic aligns with price reversals.