That is correct, just double-click on the algo file and you can access the code from cTrader Automate in the code editor window, if you are unfamiliar with cTrader Automate, read the user guide.
Just open cTrader Automate after you have installed the indicator and click on the indicator, you should see the code editor window on the right together with the code.
build the indicator and a project folder will be created in the indicators folder.