Candle-Signals from Open-Close 2pbIdeal1MA Differences

Summary

This MetaTrader indicator generates semaphore-style signals by comparing two instances of the 2pbIdeal1MA indicator, one calculated from open prices and the other from close prices. A signal appears when the difference between the two indicator values changes sign. The document says this corresponds to the fill-color change of the related candle indicator, offering a way to turn that visual transition into discrete signals.

The note describes the signal mechanism and states that the companion 2pbIdeal1MA indicator file must be installed for it to work. It offers no trading rules for acting on signals, no backtest or performance evidence, and no guidance on markets, timeframes, or risk controls. A sign change alone therefore explains the indicator output but does not establish whether the signal predicts price direction or is useful as a standalone strategy.

Key ideas

• The indicator compares 2pbIdeal1MA values calculated from open and close prices.
• It signals when the difference between those values changes sign.
• The signal corresponds to a fill-color transition in the related candle indicator.
• The companion 2pbIdeal1MA indicator is required.
• No strategy rules, backtest, or risk guidance are provided.

Tags

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