The algorithmic rules of this indicator are:
a) adapted K Stochastic by smoothing.
b) defined the fluctuation band.
c) mark breakout as an entry trigger.
The first parameter is "K: Periods for %K" which defines the look back periods of K, default 0 means by automatic setting.
The second parameter is "M: Number of Multiple" which defines the maximum consecutive triggers in the same direction.
The end of year 2016’s release. Hope this could help.
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