Nr 7 Range Break

Narrow Range Expansion MT5

Systematic Maximum Range Compression and Volatility Expansion Engine

The Narrow Range Expansion indicator for MetaTrader 5 provides an objective analytical framework designed to identify high-probability breakout opportunities following maximum price compression. Navigating stagnant consolidation environments presents severe execution risks: buying into false breaks right before an immediate reversal, suffering stop-outs from random boundary wicks, or hesitating when genuine expansion begins and chasing an overextended trend.

This software algorithmically detects ultra-narrow compression bars and systematically highlights the subsequent directional momentum release. By filtering out indecisive sideways chop and triggering visual confirmation only when a decisive expansion candle closes beyond the compression boundary, the indicator delivers structured on-chart validation strictly upon candle close, ensuring fully non-repainting execution references.

Algorithmic Logic and Trade Validation

The calculation engine operates exclusively on closed bar data. Historical signal markers remain anchored to their respective price bars and do not recalculate, shift, or repaint over time.

Bullish Expansion Setup (BUY)

• Maximum Compression: The market prints an ultra-narrow compression bar reflecting peak volatility contraction.
• Directional Breakout: A bullish expansion candle immediately breaks and closes decisively above the high of the compression bar.
• Execution Reference: Confirmation is locked strictly at the breakout candle close. The opening price of the immediate subsequent bar serves as the operational execution reference.

Bearish Expansion Setup (SELL)

• Maximum Compression: The market prints an ultra-narrow compression bar reflecting peak volatility contraction.
• Directional Breakdown: A bearish expansion candle immediately breaks and closes decisively below the low of the compression bar.
• Execution Reference: Confirmation is locked strictly at the breakdown candle close. The opening price of the immediate subsequent bar serves as the operational execution reference.

Integrated Risk Architecture and Target Ladder

Rather than providing isolated directional arrows, the indicator projects an end-to-end trade execution structure directly onto the active chart:

• Dynamic Structural Invalidation (Stop Loss): The Stop Loss reference is automatically anchored to recent structural swing extremes, incorporating a configurable volatility buffer to accommodate spread variations and brief market noise.
• Standardized 4-Tier R-Multiple Targets: Profit objectives are mathematically projected based on the initial calculated risk distance (1R):
  • TP1 (0.5R): Initial scalping target configured for early partial scaling on immediate continuation.
  • TP2 (0.8R): Standard momentum target capturing the first solid expansion impulse.
  • TP3 (1.2R): Extended target capturing broader trending impulse waves as momentum accelerates.
  • TP4 (2.0R): Full expansion runner target designed for prolonged directional trend days.
• Lifecycle State Tracking: Each projected setup is tracked on-chart with dedicated real-time lifecycle states (Active, TP Hit, SL Hit).

Analytical Modules and Dashboard Capabilities

Multi-Symbol & Multi-Timeframe Scanner Dashboard

• Monitors multiple assets simultaneously across standard timeframes: M15, M30, H1, H4, and D1.
• Active Signal Discovery: Scans and displays active BUY and SELL setups across all monitored symbols from a single workspace.
• Signal Status Tracking: Displays real-time progress of active setups (active, approaching TP, approaching SL).
• Higher Timeframe Confluence: Validates directional alignment between lower-timeframe execution triggers and higher-timeframe trends.
• Market Bias Summary: Provides an integrated directional reading (UP, DOWN, or FLAT) derived from the indicator's trend filter.
• One-Click Chart Navigation: Clicking any dashboard cell immediately switches the active chart to the selected symbol and timeframe.

Whipsaw Mitigation Engine (Signal Brake)

• Suppresses rapid, alternating BUY/SELL flip-flopping within tight consolidation ranges.
• Restricts redundant same-direction signals while a prior setup remains active.
• Enforces a minimum structural R-distance before a new setup in the same direction can trigger.

On-Chart Historical Backtest Panel

• Summarizes historical performance metrics for the currently applied settings directly on the chart:
• Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
• Sample size display over the configured historical lookback period.
• Highlights the historically optimal target tier for the active configuration.
• Integrated sample-size indicator to assist in judging statistical relevance.

Statistical Notice: Historical distribution figures reflect past price data under specific settings. Past results do not guarantee future performance.

Multi-Channel Alert Architecture

• MetaTrader 5 desktop pop-up notifications.
• Audible sound alerts (.wav).
• Instant push notifications sent to mobile devices via MetaQuotes ID.

Non-Intrusive Graphic Interface

• Three size presets: Small (S), Medium (M), and Large (L).
• One-click minimize and expand toggle.
• Draggable control panel that preserves custom chart coordinates across timeframe changes.

Operational Specifications

• Recommended Assets: Liquid trading instruments including Spot Gold (XAUUSD), major equity indices, and actively traded currency pairs during active market sessions.
• Recommended Timeframes: M15, M30, and H1 provide balanced structural clarity and compression definition.
• Broker Environment: Compatible with both Netting and Hedging accounts. Low-spread ECN/Raw trading accounts are recommended to maximize target realization fidelity.

Support and Free Demo

• A free demo version can be evaluated directly in the Strategy Tester and on demo charts through the standard MQL5 Market demo feature.
• For setup questions or technical support, please send a message through the author's MQL5 profile.