Advanced Range Scanner

ADVANCED RANGE SCANNER

See Consolidation. Track the Break. Catch the Retest.

The EA version of Advanced Range Scanner is now available:

https://www.mql5.com/en/market/product/195748

Advanced Range Scanner is a sophisticated price-action range and consolidation indicator built for traders who want to identify structured sideways markets, monitor breakouts, track retests, and receive actionable signals across multiple timeframes.

It analyzes the actual structure of price: candle interaction, boundaries, closes, wicks, repeated price containment, consolidation development and the relationship between the candles forming the range.

Download the demo and test Advanced Range Scanner using Visual Mode in the MT5 Strategy Tester to see how it detects historical range structures. All you need to do is to enable panel display in input settings.

Indicator instruction manual:

https://www.mql5.com/en/blogs/post/775383

WHY RANGE BREAKOUTS?

Markets constantly transition between expansion and contraction.

Strong directional moves are often preceded by periods where price becomes compressed inside a relatively defined area. Buyers and sellers temporarily reach a state of balance, liquidity accumulates around the boundaries, and price repeatedly fails to establish sustained movement outside the structure.

Eventually, that balance can break.

This is what makes range-breakout trading so attractive: rather than trying to predict every market movement, the trader can wait for price to form an identifiable structure and then react when price demonstrates its intention by escaping that structure.

A well-defined range also gives the trader something extremely valuable: objective reference points.

The range high can act as a natural bullish breakout level, while the range low can act as a natural bearish breakout level. The opposite side of the structure provides a logical reference for risk, while the width of the range can be used to project potential price objectives.

Advanced Range Scanner was created around this principle.

A DIFFERENT CLASS OF RANGE DETECTION

Advanced Range Scanner uses a new-generation, multi-layer price-action algorithm designed to go significantly beyond basic range-detection methods.

The scanner doesn't simply ask:

"Has price stayed inside X points for X candles?"

It examines the structure that created the consolidation and how subsequent candles behave around that structure.

The algorithm searches for qualifying consolidations, evaluates price containment, analyzes interactions with important candle-body levels, builds the complete consolidation boundary and can search for larger secondary structures surrounding the initial range.

This allows it to recognize range structures that are difficult to describe using one simple mathematical threshold but can be visually obvious to an experienced trader.

The objective was ambitious: create a scanner capable of interpreting consolidation closer to the way a skilled human trader visually interprets a chart — but automatically, consistently and across multiple timeframes.

Advanced Range Scanner represents one of the highest levels of sophistication we have developed for automated range and consolidation analysis.

We believe you will struggle to find another range and consolidation scanner in the market offering this combination and depth of structural price-action analysis, multi-timeframe scanning, breakout qualification, retest tracking, filtering, alerts and trade projections in one package.

Key Features at a Glance

• Advanced Price-Action Range Detection
  Detects consolidation structures using candle relationships and market structure rather than relying only on fixed volatility or ATR thresholds.

• Primary and Secondary Range Detection
  Identifies the most recent valid consolidation and can optionally search for a broader secondary structure containing the primary range.

• Adjustable Range Strength
  Choose between different confirmation strengths to control how strict the scanner is when validating consolidation structures.

• Full Consolidation Range Calculation
  Expands the detected range to include subsequent closed candles, producing a more complete representation of the actual trading range.

• Multiple Range Invalidation Modes
  Supports price-break and candle-close invalidation methods, allowing users to choose between faster breakout recognition and stronger close-based confirmation.

• Multi-Timeframe Range Scanner
  Scan M1, M5, M15, M30, H1, H4, D1 and W1 simultaneously from a single chart.

• Independent Timeframe Tracking
  Every enabled timeframe maintains its own range, breakout, retest and signal state independently.

• Clean Multi-Timeframe Chart Display
  Multi-timeframe scanning operates in the background while chart objects are displayed only for the current chart timeframe, reducing visual clutter.

• Optional Trading Session Filter
  Restrict eligible range formation to selected broker/server-time trading hours.

• Moving Average Range Filter
  Filter detected ranges according to their relationship with a configurable moving average.

• Moving Average Breakout Filter
  Require bullish breakout candles to close above the selected moving average and bearish breakout candles to close below it.

• Confirmed Breakout Detection
  Detect bullish and bearish range breakouts using completed candle closes when required by the selected workflow.

• Independent Breakout Signal System
  Generate a dedicated Breakout Signal immediately after a qualified breakout.

• Breakout Entry at Actual Breakout Close
  Breakout Signal Entry is based on the closing price of the confirmed breakout candle rather than simply using the range boundary.

• Maximum Breakout Distance Filter
  Reject overly extended breakout entries using a configurable maximum breakout distance ranging from 0.1X to 2.0X of the detected range width.

• Independent Breakout Take-Profit Setting
  Configure Breakout Signal TP separately using selectable target multiples from 0.5X to 10X.

• Automatic Breakout Entry, SL and TP Projection
  Displays a complete breakout trade framework directly on the chart, with Stop Loss positioned at the opposite side of the range.

• Automatic Breakout Signal Arrow
  Marks the actual breakout candle with a directional BUY or SELL arrow.

• Advanced Retest Tracking
  After a qualified breakout, monitors price for a return to the broken range boundary.

• Maximum Travel Before Retest Filter
  Automatically invalidates retest tracking when price travels too far away from the broken range before returning.

• Independent Retest Signal System
  Generates a separate trade signal when a valid retest of the broken range boundary occurs.

• Structure-Based Retest Entry
  Bullish Retest Signals enter at the broken Range High, while bearish Retest Signals enter at the broken Range Low.

• Independent Retest Take-Profit Setting
  Configure Retest Signal TP separately from Breakout Signal TP using selectable range-width multiples.

• Automatic Retest Entry, SL and TP Projection
  Displays the complete retest setup directly on the chart.

• Automatic Retest Signal Arrow
  Marks the confirmed retest candle with a directional signal arrow.

• Use Breakout and Retest Signals Together or Separately
  Enable Breakout Signals only, Retest Signals only, or both simultaneously depending on your preferred trading style.

• Color-Coded Trade Levels
  Signal projections are easy to identify:
  Entry — Blue, Stop Loss — Red, Take Profit — Green.

• Compact Price Labels
  Entry, SL and TP levels display their corresponding prices using compact labels positioned beneath their respective lines.

• Advanced Scanner Information Panel
  Displays active range status, breakout information, retest status and available Breakout/Retest Signal information directly on the chart.

• Multi-Timeframe Signal Monitoring
  Breakout and Retest Signals can be detected across all enabled scanner timeframes even when those timeframes are not currently displayed on the chart.

• Trade Signal Alerts
  Receive dedicated alerts when Breakout or Retest Signals are generated.

• Popup, Push and Email Notifications
  Trade-signal notifications can be delivered through MetaTrader popup alerts, mobile push notifications and email when the corresponding MT5 services are enabled.

• Independent Breakout and Retest Alert Handling
  Breakout and Retest alerts are tracked separately to prevent one signal type from interfering with the other.

• Duplicate Alert Protection
  Prevents repeated alerts for the same Breakout or Retest Signal during repeated scanner processing.

• Historical Range Box Management
  Retain useful historical range structures while allowing the indicator to distinguish ranges associated with actual trading signals.

• Automatic Chart-Object Cleanup
  Scanner-created ranges, signal lines, arrows and labels are managed automatically during reinitialization, timeframe changes and indicator removal.

• Designed for Breakout and Retest Traders
  Use the scanner purely for consolidation detection, for immediate breakout setups, for break-and-retest setups, or for a combination of all three.

  The Advanced Range Scanner works well on all market pairs (Forex, commodities, crypto, energies, etc)

STOP SEARCHING FOR RANGES MANUALLY

A trader can visually inspect one chart for consolidation.

Advanced Range Scanner was built to perform that task systematically, repeatedly and across multiple timeframes — while also monitoring what happens after the range forms.

It doesn't stop at drawing a rectangle.

It identifies the structure.

It defines the boundaries.

It monitors the breakout.

It can qualify the breakout.

It tracks the retest.

It calculates the trade projection.

And it alerts you when the events you care about occur.

Advanced Range Scanner is more than a range indicator. It is a complete range, breakout and retest scanning environment built for the modern price-action trader.

Important: Advanced Range Scanner is an analytical and signal-visualization tool. It does not guarantee profitable trades or future market performance. Signals, projected targets and detected structures should be evaluated according to your own strategy, testing and risk-management rules.

 Kindly send a message after purchase for recommended settings.