With a single head signal, Green = “Clear”, Yellow = “Approach” (prepare to stop at the next signal), and Red = either “Stop” or “Stop and Proceed” depending on the signal’s configuration and the current rulebook,
If the signal has multiple heads, you cannot read the individual heads separately. The entire combination of colours makes up the indication.
Well, then, you have not yet read the NYCT rule book. The bottom head shows the direction of the switch, and the upper head shows the status of the block.
Green over Yellow = Clear on diverging route.
Yellow over Green = Approach on normal route.
Stop is always displayed as Red over Red.
Most signals on NYCT are block signals which indicate:
Green = Clear and next signal is permissive;
Yellow = Approach prepare to Stop at next signal
Red = STOP. Your timetable will tell you if you can “key by” the red signal, in which case your speed may not exceed 10 mph, and you must be prepared to stop within half of your range of distance.
HOME SIGNALS are controlled by the the tower. The lower head indicates the alignment of the switch, and the upper head is an automatic block signal, which will display RED until the tower clears the home signal.
At an interlocking plant without a block signal the aspects are:
RED = Stop and STAY
Yellow = Approach (as you said) but would only be displayed if diverging routes were set up.
Green = Clear. Your train is clear to pass through the interlocking plant on its normal track.
The signal levers in a GRS plant have two positions RED (normal); and NOT RED (lever pulled). The aspect of the NOT RED signal is determined by the position of other levers in the interlocking machine.
Thus is the Reality expressed by the LION: Your reality may vary.
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