William Blau Momentum Oscillator with Triple EMA Smoothing

Summary

This document defines a William Blau momentum oscillator using the difference between the current applied price and its value a specified number of periods earlier. That raw momentum series is then smoothed in sequence by three exponential moving averages. The resulting indicator is controlled by five inputs: the momentum lookback period, three smoothing periods, and the price series used in the calculation.

The material gives the calculation concept but does not explain how to interpret oscillator values, establish entry or exit rules, or combine the measure with risk controls. It also presents no chart examples, backtest, or performance evidence, so it supports understanding the indicator's construction rather than assessing its usefulness as a trading signal. The description is a translated summary of an indicator implementation and leaves parameter selection to the user.

Key ideas

• Raw momentum is the difference between the applied price and its value at the selected lookback offset.
• Three sequential exponential moving averages smooth the raw momentum series.
• The calculation uses a momentum period, three smoothing periods, and a selected price input.
• The document defines the oscillator construction but gives no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.