Candels High Open Signals: Three-Bar Buy and Sell Module

Summary

This page explains how the Candels High Open signal module represents its output for use in an MQL5 Expert Advisor. Its buffer has three possible states: positive one for a buy signal, zero when there is no signal, and negative one for a sell signal. The module is described as analyzing the high and open values across the last three bars.

The page assumes that the underlying Candels High Open custom indicator has already been compiled and installed, and it notes that the indicator path must match its actual folder. This is an interface description for wiring an indicator into an EA through the platform wizard, not a full strategy specification. It supplies no signal formula, entry or exit rules, risk controls, backtest results, or evidence that the signals have predictive value.

Key ideas

• The signal module uses a three-state output for buy, neutral, and sell conditions.
• Its stated analysis concerns highs and opens across the most recent three bars.
• The custom indicator must be compiled and installed for the module to work.
• The page does not provide the signal formula or performance evidence.

Tags

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