FYI - The "pulses" come so fast, the LEDs will look more like they're flickering rather than pulsing."Why do you want to know?"
I am creating a project for children between the ages of 8 - 16 and they are smarter than the average adult would want to admit. An eight year old may ask about data transfer, but has no working knowledge of electronics. It occurred to me than if I included data in and data out LED indicators on the boards, it might ward off a lot of questions, because they would then be able to see the pulses going in and out of the boards.