Range Filter Breakout Signals MT5
- Indicatori
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Mattia Marco Platania
At MetaCoderStore, our goal is to build practical, clean, and reliable MetaTrader indicators that traders can actually use in live chart work. We focus on clear visual tools, useful inputs, and MT4/MT5 versions wherever possible. - Versione: 1.0
Limited-time free release: Range Filter Breakout Signals MT5 is free while MetaCoderStore collects trader feedback, comments, and feature requests for the first public version.
Range Filter Breakout Signals MT5 is a clean regime-flip indicator inspired by the popular TradingView range-filter workflow. It filters normal candle noise with an adaptive smoothed range, then marks a signal only when price breaks far enough to flip the market regime.
Use cases
- Reduce arrow spam by ignoring price movement inside the adaptive range-filter void.
- Spot bullish flips when price breaks out of a bearish/neutral regime.
- Spot bearish flips when price breaks down from a bullish/neutral regime.
- Use the range filter line as a trend-state reference together with your own confirmation rules.
- Feed EAs or scanners with signal, regime, range, and breakout-distance buffers.
What it shows
- Range filter line, colored by bullish or bearish regime.
- Optional upper and lower void bands around the filter line.
- Optional buy and sell regime-flip arrows.
- Hidden EA buffers for signal value, regime state, smooth range, and breakout distance.
Main features
- Adaptive smooth range based on a double-smoothed absolute price move.
- Stateful filter line that stays flat while price remains inside the void.
- Non-repainting closed-bar signal logic for historical review and EA use.
- Configurable sensitivity, sampling period, arrow visibility, band visibility, and alerts.
- Native popup and push-notification alert options.
Basic use steps
- Attach the indicator to a liquid chart and start with the default SamplingPeriod 50 and RangeMultiplier 2.5.
- Use the colored filter line to read the active regime.
- Watch for arrows when the regime flips after price leaves the void band.
- Confirm signals with your own trend, session, liquidity, risk, and price-action rules.
Inputs
- SamplingPeriod: smoothing period used to estimate normal range.
- RangeMultiplier: expands or contracts the void around the filter line.
- ShowVoidBands: shows or hides the upper/lower adaptive bands.
- ShowSignalMarkers: shows or hides buy/sell arrows.
- MinBreakoutDistancePercent: optional minimum distance beyond the prior filter before a flip can signal.
- ConfirmOnFilterSlope: requires the filter line itself to move before the regime changes.
- EnableAlerts, AlertTriggerCandle, EnablePopupAlerts, EnablePushNotifications: alert controls.
Buffers for EA integration
- 0 Range filter line.
- 1 Upper void band.
- 2 Lower void band.
- 3 Buy flip arrow price.
- 4 Sell flip arrow price.
- 5 Signal value: 1 buy flip, -1 sell flip, 0 neutral.
- 6 Regime state: 1 bullish, -1 bearish, 0 neutral.
- 7 Smooth range in points.
- 8 Breakout distance percent.
Risk note: Range filters can still produce false flips during news spikes, low-liquidity moves, and sideways markets with sudden stop runs. This indicator is a technical analysis tool, not financial advice or an automated trading system. Test settings on demo data before live use.
