# Candle shadow percent

Opens trades based on the presence of candle shadows as detected by the 'Candle shadow percent' indicator.

Canonical: https://prismaticalgos.com/compendium/algo/843-candle-shadow-percent
Record ID: 843
Catalog rank: 1136 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Unclassified (?)
Source: https://www.mql5.com/en/code/17940
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: any
- timeframes: any
- sessions: any
- market_regime: any

## Indicators

- Candle shadow percent: {"__1__": null}; applied to: close

## Recorded long-entry rules

- if the value of the 'Candle shadow percent' indicator on the bar indexed 1 in the 1 buffer ('BufferLow') is not equal to zero

## Recorded short-entry rules

- if the value of the 'Candle shadow percent' indicator on the bar indexed 1 in the 0 buffer ('BufferTop') is not equal to zero

## Recorded exit rules

- CloseAllPositions

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: Not specified
- Take profit: Not specified
- Position sizing: Lot is calculated based on the risk value as a percentage of free margin