Nr 7 Range 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.
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🔥 VIP MEMBER - Versione: 1.0
- Attivazioni: 10
Section 1: Context and Core Value
Identify Directional Volatility Expansion Following Maximum Market Compression
Navigating quiet consolidation phases presents severe execution risks for intraday traders and scalpers. Entering during stagnant conditions often results in repeated losses: buying into false breaks right before an immediate reversal, getting stopped out by random boundary wicks, or hesitating when genuine expansion begins and chasing an overextended trend. When price compresses into an ultra-narrow range, systematic identification of momentum release provides an objective framework for execution.
This indicator addresses this challenge by identifying highly compressed contraction bars and confirming the subsequent directional breakout. It filters indecisive sideways chop, triggering on-chart visual confirmation only when buying or selling pressure closes outside the compression boundary to signal the initiation of a fresh trend leg.
The logic is built for active trading sessions when quiet conditions resolve into sustained price expansion across liquid instruments, major indices, and actively traded currency pairs.
Section 2: Entry Logic and Trade Management
Visual BUY Confirmation
- A setup develops when the market prints an ultra-narrow compression bar followed immediately by a bullish expansion candle breaking above the compression high.
- The signal confirms on the close of the breakout candle.
- The open of the subsequent candle serves as the execution reference.
Visual SELL Confirmation
- A setup develops when an ultra-narrow compression bar is followed immediately by a bearish expansion candle breaking below the compression low.
- The signal confirms on the close of the breakdown candle.
- The open of the subsequent candle serves as the execution reference.
Structural Stop Loss Placement
- The indicator calculates a protective Stop Loss reference anchored to recent structural swing highs or lows.
- A configurable volatility buffer adds distance beyond the structural level to account for spread variations and brief market noise.
4 Structured Profit Targets
The indicator projects four predefined risk-to-reward (R-multiple) targets:
- 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.
Closed-Bar Calculation Logic
- Signals and projected target levels calculate strictly upon candle close.
- Markers lock permanently to their historical bars without recalculating, repainting, or shifting on future price data.
All-in-One Trading Toolkit on MT5
Purpose-built framework for capturing momentum release after tight price contraction.
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:
- Capitalize on verified breakout momentum immediately following narrow price compression.
- Filter out dormant, indecisive chop during low-volatility consolidation phases.
- Screen compression setups across multiple instruments simultaneously from a central scanner.
- Confirm alignment between higher-timeframe trend structure and lower-timeframe expansion triggers.
- Execute trades using systematic structural Stop Loss levels and a 4-tier Take Profit ladder.
- Analyze historical setup distribution and hit rates directly on the live chart.
- Receive immediate alerts via desktop pop-up, sound, or mobile push notification when a breakout closes.
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.
