JFatl Candle Signals from Open and Close Price Differences

Summary

The document describes a semaphore-style indicator that uses two JFatl indicators, one based on open prices and the other on close prices. It produces a signal when the difference between their values changes sign. This event is said to correspond to a change in the fill color of the JFatl Candle indicator.

The text explains the signal’s construction but does not specify how to interpret or trade each signal, provide entry or exit rules, or report backtest results. It also notes a dependency on a separate JFatl indicator file. The description is therefore a brief account of an indicator mechanism rather than evidence for a complete trading strategy.

Key ideas

• The indicator compares JFatl values derived from open and close prices.
• A signal occurs when the difference between those values changes sign.
• The signal corresponds to a change in the JFatl Candle fill color.
• The document gives no trading 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.