The Double Stochastic Oscillator is a deviation from the Stochastic Oscillators developed by George C. Lane in the 1950's. The Double Stochastic Oscillator can be interpreted in the same manner as other Stochastic Oscillators. Like the original Stochastic Oscillators, it is a momentum indicator designed to show the relation of the current close price relative to the high/low range over a given number of periods using a scale of 0-100. It is based on the assumption that in a rising market the price(s) will close near the high of the range and in a declining market the price(s) will close near the low of the range.