FIREFLY OSCILLATOR INDICATOR FOR AMIBROKER:-
- This is great INDICATOR if used effectively. in above IMAGE you can see it in the LOWER PANE.
- It is a OSCILLATOR and OSCILLATES above and below ZERO.
- ONE has to take SELL TRADES when SIGNAL (RED LINE in OSCILLATOR PANE) COMES BELOW 80 MARK.
- AND BUY TRADES TO BE TAKEN when the BUY SINGAL COMES ABOVE 20 MARK. (GREEN LINE in OSCILLATOR)
- We have to skip other signals than these 80-20 RULE.
- PREFERREED Parameter Setting is 20-3