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FATL MACD Values Displayed as Candlesticks

Article MQL5 code base

Summary

This note describes a chart indicator that presents the output of the FATL MACD algorithm as a sequence of candlesticks. The candles are formed from a relevant price time series after it has been processed by the indicator, offering a visual alternative to displaying the same processed values in another chart form. The stated rationale is that this representation may make the indicator more informative for analysis.

The document gives no formula, parameter settings, trading rules, or performance evidence, and it does not explain how to interpret particular candle patterns. Its contribution is limited to identifying the visualization approach and its intended analytical benefit. Traders would need the indicator’s implementation details and independent testing before drawing conclusions about signals or strategy results.

Key ideas

  • The indicator plots FATL MACD processed price data as a sequence of candlesticks.
  • The candlestick format is offered as an alternative way to inspect indicator output.
  • The note suggests this view may help analysis but provides no interpretation rules or performance evidence.

Tags

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