FatlMacdCandleSign Signals from Open and Close-Based MACD Values

Summary

FatlMacdCandleSign is a semaphore-style indicator built from two FatlMacd calculations, one using open prices and the other using close prices. It produces a signal when the difference between the two values changes sign. The signal therefore tracks the same directional transition represented by a change in the FatlMacdCandle fill color.

The description explains the signal rule but provides no backtest, market examples, or evidence that the transitions predict profitable moves. The indicator also depends on a separate FatlMacd component, so it cannot be used on its own without that dependency. The text does not specify signal timing, parameter choices, or how to manage entries and exits.

Key ideas

• The indicator compares FatlMacd values calculated from open and close prices.
• A signal occurs when the difference between those values switches sign.
• Its signal direction corresponds to the FatlMacdCandle color transition.
• Use requires the separate FatlMacd indicator component.

Tags

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