New free code from MQL5: indicators, EAs, and scripts for traders.
XANDER Pulse Candles transforms your chart into a momentum-reading machine by coloring
each candle based on the state of an internal momentum oscillator (RSI-based, period 14
by default). Instead of watching a separate oscillator window, you read the market
directly from the candles.
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🎨 ELECTRIC DEPTH COLOR SYSTEM
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🟢 SPRING GREEN — Strong bullish bias
Momentum is above the threshold AND the candle closed bullish.
Full conviction — buyers are in control.
🔵 DEEP SKY BLUE — Weak bullish bias
Momentum is bullish but the candle closed bearish.
Momentum is present but losing energy — possible slowdown ahead.
🔴 ORANGE RED — Strong bearish bias
Momentum is below the threshold AND the candle closed bearish.
Full conviction — sellers are in control.
🟣 ORCHID — Weak bearish bias
Momentum is bearish but the candle closed bullish.
Sellers are losing grip — watch for a potential reversal.
⬛ DIM GRAY — No bias / neutral
Momentum is undecided. Stay out or wait for confirmation.
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⚙️ THREE COLORING MODES
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1. Momentum vs Center Line (default)
Bias is determined by whether momentum is above or below 50.
Best for: trend-following entries.
2. Momentum vs Extreme Zones
Bias activates only when momentum enters overbought or oversold territory.
Best for: reversal hunting and avoiding overextended entries.
3. Momentum Direction
Bias is determined by whether momentum is rising or falling tick by tick.
Best for: early entries and momentum shift detection.
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📌 HOW TO USE
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- Look for consecutive Spring Green candles for bullish continuation setups.
- A Blue candle after a Green sequence warns of momentum fade — tighten your stop.
- Orchid candles inside a downtrend signal short-term pullbacks, not reversals.
- Gray zones are low-probability — avoid entries until color returns.
Designed for dark chart themes. Works on any symbol and timeframe.
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📡 XANDER Systems
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Free open-source tools for serious traders.
💬 Community Telegram : t.me/botmetatrader5
💼 Freelance & custom development : mql5.com/en/users/09151993a
Watch in-depth trading tutorials and EA reviews on the RobotFX YouTube channel. Subscribe for free tips.
Complement community code with advanced automation from RobotFX.
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