Power Candles

Power Candles colors your candlesticks based on the real-time currency or instrument strength data calculated by FX Power NG and IX Power. A dark green candle means the base currency is genuinely strong relative to the quote currency, a dark red means the opposite, and the gradient in between shows the degree of imbalance. Important: Power Candles requires FX Power NG and/or IX Power running on the same terminal.

Key Features

• Nine-step color coding from dark red through neutral to dark green, representing the full spectrum of strength imbalance
• Momentum arrows that appear at turning points where strength is shifting direction - not every candle, only at meaningful transitions
• Interactive panel showing current status, the active delta and strength values, and built-in R:R calculation display
• BUY/SELL/NEUTRAL badge providing a direct signal state derived from the underlying strength data
• Customizable thresholds - define what strength level constitutes a signal in your own system
• Compatible with both forex pairs (via FX Power) and non-forex instruments (via IX Power)
• MT5 only

How traders use it

The primary use case is confluence at entry. A trader sees a bullish price pattern on GBPUSD. With Power Candles running, they can see immediately whether the recent candles have been green (base currency GBP stronger than quote USD) or mixed. If the last four candles are deep green and a momentum arrow appeared two candles ago, the price pattern has strength confirmation behind it. If the candles are grey or mixed, the pattern is structurally weaker regardless of how clean it looks.

The R:R display in the panel is a secondary use case that gets used more than expected. With Smart Stop Indicator running, you can check risk-reward without leaving the chart.

Supported markets

Forex pairs via FX Power NG; indices, metals, and crypto via IX Power. MT5 only. All standard timeframes.

Getting started

Install FX Power NG and/or IX Power first and confirm they are active on your terminal. Then attach Power Candles to the chart - it will automatically pick up the data from the running instance. Set your color thresholds based on your strategy's signal criteria. The walkthrough at # covers the dependency setup, threshold configuration, and how to read the momentum arrows in practice.