GM Stochastic MIDL
GM Stochastic MIDL indicator is based on the averaging of the two Stochastics (7,3,4) and (20,3,7) with the level limitation. The only parameter Lim is used for that.
The central operator:
The indicator values are changed from -Y to +Y via 0 after its execution. The white line. The indicator is supplemented by the growth/decrease histogram of the indicator values.
Another important indicator operator:
if(IIndBuffer[i] < Lim && IIndBuffer[i] > -Lim) IIndBuffer[i] = 0;
Lim can be configured so that a part of false movements is excluded.
The indicator histogram colors are configured as well. The default ones are white, yellow and red. Yellow lines and values above 0 - UP. Red lines and values below 0 - DOWN.
Intersection with a zero level can be a trade open signal in the appropriate direction.