Quantora Candle Strength Analyzer MT5 is a free and open-source indicator for analyzing candle structure and price action in MetaTrader 5.
It analyzes candle body, upper and lower wicks, candle direction, buyer and seller pressure, wick rejection and range conditions.
The indicator provides a Pressure Score from -5 to +5 based on candle direction, strength, pressure and rejection.
It supports Current Candle and Closed Candle analysis modes.
Users can adjust the body thresholds, wick ratio, range lookback and update interval.
The dashboard also displays live spread, candle range, average range and other current candle information.
It supports different market types and works on the timeframe of the attached chart.
Buyer/Seller Pressure is a candle-structure proxy and does not represent actual order flow or transaction volume.
The indicator does not open, close or modify trades and does not provide guaranteed trading signals.