Consolidation Box Break
- Indicatori
-
Ich Khiem Nguyen
👋 Benvenuto su Alpha On Chart
Sto sviluppando Alpha On Chart come un ecosistema di supporto al trading per trader XAUUSD e utenti MT5.
Ecco cosa puoi esplorare:
🔥 VIP MEMBER - Versione: 1.0
- Attivazioni: 10
Section 1: Context and Core Value
Systematic Identification of Range Compression Breakouts
Intraday traders and scalpers frequently encounter execution difficulties during range-bound conditions. Initiating trades within tight consolidation often results in whipsaws from boundary wicks, buying into immediate resistance pullbacks, or entering late into exhausted price legs after momentum has already dissipated. Without objective confirmation criteria, differentiating between low-volume consolidation noise and genuine structural expansion becomes difficult.
This indicator addresses this challenge by detecting phases of price compression and identifying the point where directional expansion breaks beyond established boundaries. By filtering erratic chop within the range, it provides on-chart visual confirmation when price action establishes directional momentum outside consolidation limits.
The mechanism is designed for active trading sessions where market volume transitions into sustained directional movement across liquid instruments, active symbols, and volatile markets.
Section 2: Entry Logic and Trade Management
Visual BUY Confirmation
- A setup forms after price consolidates within defined range boundaries.
- A bullish expansion candle closes decisively above the upper range ceiling.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Visual SELL Confirmation
- A setup forms after price consolidates within defined range boundaries.
- A bearish expansion candle closes decisively below the lower range floor.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent candle serves as the execution reference.
Structural Stop Loss Placement
- The indicator automatically projects a protective Stop Loss reference positioned outside the opposite structural boundary of the consolidation range.
- A configurable volatility buffer provides additional distance to accommodate normal spread fluctuations and market noise.
4 Configurable Profit Targets
The indicator projects four structured risk-to-reward (R-multiple) levels:
- TP1 (0.5R): Initial objective designed for early partial scale-outs on immediate momentum continuation.
- TP2 (0.8R): Intermediate target capturing standard follow-through.
- TP3 (1.2R): Extended target capturing broader trending impulse waves.
- TP4 (2.0R): Full expansion runner target for capturing larger directional swings.
Closed-Bar Calculation Logic
- Signals and target levels calculate strictly upon candle close.
- Confirmed markers remain anchored to their original bars without recalculating, repainting, or shifting over time.
All-in-One Trading Toolkit on MT5
Engineered to streamline range-breakout detection and systematic trade execution.
Built to support your trading workflow: multi-symbol screening, multi-timeframe confirmation, transparent Entry-SL-TP visual structures, and on-chart historical backtesting.
Multi-Symbol and Multi-Timeframe Scanner
Avoid opening dozens of separate charts.
The integrated MTF SCAN dashboard monitors multiple assets simultaneously across:
M15, M30, H1, H4, D1
Dashboard overview:
- Active Signal Discovery: Shows currently active BUY/SELL setups.
- Signal Status Tracking: Displays basic status of tracked signals (active, near TP, near SL).
- Higher Timeframe Confluence: Highlights when a higher-timeframe trend aligns with a lower-timeframe trigger.
- Market Bias Summary: UP, DOWN, or FLAT reading based on the indicator's own trend filter.
- One-Click Navigation: Click any dashboard cell to switch your active chart to that symbol and timeframe.
Trade Plan Visualization: Entry, Stop Loss and 4-Tier TP Ladder
A full plan displayed on the chart rather than a single alert:
Entry -> Stop Loss -> TP1 -> TP2 -> TP3 -> TP4
- Visual risk/reward zones projected directly onto your candles.
- Basic lifecycle status tracking (Active, TP Hit, SL Hit).
- Non-Repaint Design: Signals lock once the bar closes and do not recalculate, shift, or disappear afterward. This describes the calculation logic only and does not imply any particular outcome.
Signal Filtering (Signal Brake)
Sideways consolidation and two-sided liquidity wicks can generate repeated false signals. The Signal Brake logic is intended to reduce this:
- Limits rapid BUY/SELL flip-flopping in tight consolidation ranges.
- Restricts new same-direction signals while a prior setup is still active.
- Requires a minimum R-distance before the next signal can trigger.
On-Chart Historical Backtest Panel
A built-in panel summarizes how signals performed on historical data for the current settings:
- Historical hit-rate breakdown across TP1, TP2, TP3, and TP4.
- Sample size shown for the configured lookback period.
- Highlights which TP level had the best historical hit-rate for that sample.
- A simple sample-size indicator to help judge statistical relevance.Note: these figures reflect past price data for the tested symbol, timeframe, and settings only. Past results do not guarantee future performance.
Multi-Channel Alerts
Stay informed while away from the chart:
- MT5 Desktop pop-up notifications.
- Audio alerts (.wav).
- Push notifications to the MT5 mobile app via MetaQuotes ID.
Interface
Designed to stay out of the way of your chart:
- 3 size presets: Small (S) / Medium (M) / Large (L).
- One-click minimize and expand toggle.
- Draggable panel that remembers its position across timeframe changes.
Suited For Traders Who Want To:
- Detect directional breakouts emerging from established consolidation ranges.
- Filter out erratic wicks and low-volume boundary tests within sideways zones.
- Screen multiple instruments and timeframes simultaneously from a unified panel.
- Align short-term breakout triggers with higher-timeframe trend direction.
- Execute setups with predefined structural invalidation levels and a 4-tier target ladder.
- Analyze historical performance metrics and setup distributions directly on the chart.
- Receive instant push notifications on MT5 mobile when valid breakout candles close.
Support and Free Trial
A free demo version can be tested in the Strategy Tester and on a demo chart before purchase, through the standard MQL5 Market demo feature.
Want to try the full version before buying? Message me and I'll set you up with a short-term full-feature trial license — just send a message with your account details.
For setup questions or technical support, feel free to send a message through my MQL5 profile.
