The THL indicator is applying to Trading Station II.
The algorithmic rules of this indicator are:
a) measure the price momentum.
b) eliminate the sideway interference.
c) mark breakout as an entry trigger.
The first parameter is "N: Number of periods" which defines the look back periods of high-low, 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. This could be applicable of options seller.