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i-sig Semaphore Indicator for Five-Bar Signals

Article MQL5 code base

Summary

The document introduces i-sig, a semaphore-style trading indicator that analyzes the most recent five bars. It identifies the indicator’s authorship and notes that it was originally written in MQL4 and published in 2007.

The document does not explain how the indicator evaluates those bars, what its signals mean, or how a trader might use them. It offers no performance evidence, settings, or risk discussion. Its value is therefore limited to identifying the indicator and its basic lookback window; the signal logic and practical usefulness cannot be assessed from the description alone.

Key ideas

  • The i-sig indicator analyzes the last five bars.
  • It is described as a semaphore signal indicator.
  • The document does not explain its signal rules or provide evidence of performance.

Tags

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