MACD Candles V3 Indicator was built on the code of original MACD. This indicator was designed to help you to visualize trends and their strength on the charts. There is no need to know exactly how MACD works as MACD Candles indicator does all the necessary calculations for you.
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Light green candles on the chart means that there is strong bullish trend present.
Light red candles on the chart means that there is strong bearish trend present.
Dark green and dark red candles on the charts shows no strong trend.
Open orders as follows:
Open long order (buy): Wait for price bar to turn to light green and buy at first closed candle.
Open short order (sell): Wait for price bar to turn to light green and sell at first closed candle.