A semaphore signal indicator that uses two FatlMacd indicators, based on Open and Close values of the price series. The signals occur when the difference between these indicators changes sign, i.e. in full accordance with the change of the FatlMacdCandle indicator fill color.
The indicator requires FatlMacd.mq5 indicator file. Place it in <terminal_data_folder>\MQL5\Indicators.
Fig.1. The FatlMacdCandleSign indicator
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14166
The EMA indicator with the timeframe selection option available in the input parameters.Background_FatlMacdCandle_HTF
The indicator draws FatlMacdCandle indicator candlesticks of a higher timeframe as color filled rectangles using DRAW_FILLING buffers.