Range Contraction Break
- Indicatori
-
Ich Khiem Nguyen
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Sto sviluppando Alpha On Chart come un ecosistema di supporto al trading per trader XAUUSD e utenti MT5.
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Identify Breakout Conditions After Market Contraction
When price moves through a series of progressively narrower candle ranges, breakout conditions can become difficult to monitor manually across multiple charts. Tight consolidation often produces short-lived fluctuations before sustained price expansion develops.
This indicator is engineered to automatically detect consecutive candle-range contractions and systematically highlight the transition into directional expansion.
Instead of relying solely on subjective visual inspection, the tool provides structured on-chart validation as soon as a qualifying candle closes beyond the defined contraction boundary. This helps isolate potential breakout momentum during peak trading sessions across liquid instruments and active market sessions.
Entry Logic and Trade Management
Visual BUY Confirmation
- A BUY setup develops when price prints consecutive narrowing ranges followed by a bullish expansion candle closing above the upper boundary of the contraction.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent bar serves as the execution reference.
Visual SELL Confirmation
- A SELL setup develops when consecutive narrowing ranges are followed by a bearish expansion candle closing below the lower boundary of the contraction.
- The signal confirms strictly upon the close of the setup candle.
- The open of the subsequent bar serves as the execution reference.
Stop Loss Reference
- The indicator calculates a dynamic Stop Loss reference anchored to recent structural swing points within the contraction zone.
- A user-defined volatility buffer can be applied to provide room beyond key swing extremes.
Four Configurable Target Levels
The system automatically projects four standardized risk-to-reward (R-multiple) targets:
- TP1: 0.5R
- TP2: 0.8R
- TP3: 1.2R
- TP4: 2.0R
These tiered targets allow traders to evaluate partial scaling frameworks and assess past setup distribution across varying reward depths.
Closed-Bar Signal Behavior
- Signals calculate and lock exclusively on the candle close.
- Confirmed markers remain anchored to their historical bars without recalculating, repainting, or shifting over time.
All-in-One Trading Toolkit on MT5
More than a simple Buy/Sell arrow indicator.
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:
- Monitor multiple symbols across markets from one screen.
- Check multi-timeframe alignment before entering a trade.
- Use a defined Stop Loss and multi-tier Take Profit structure.
- Reduce false signals during low-liquidity, choppy conditions.
- Review historical signal statistics for their own settings before use.
- Receive mobile alerts when away from the desk.
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.
