Smart Range Filter MT4
- Indicatori
- Versione: 1.0
- Attivazioni: 10
Smart Range Filter: Know When to Trade and When to Stay Out
Most losing trades happen in ranging markets. Smart Range Filter tells you, before you enter, whether the market is trending and worth trading or stuck in a range you should avoid.
How It Works
Instead of relying on a single tool, the indicator combines three proven measures into one score from 0 to 100:
- ADX (50% weight): measures trend strength.
- Choppiness Index (30% weight): detects noise and randomness.
- DI Dominance (20% weight): measures how clearly buyers or sellers are in control.
Each measure is converted into a score and merged into a single Score. The indicator’s verdict comes from that score.
Key Features
- A clear decision on a clean chart: a compact panel shows Uptrend, Downtrend or Range, along with the score and a confidence level (Strong / Medium / Weak). Nothing is drawn on your candles.
- Fewer false signals: separate enter and exit thresholds (hysteresis) stop the state from flickering on every small move. An optional persistence filter requires the new state to hold for a set number of closed bars.
- No repaint: calculations use closed bars only, so history shows exactly what you would have seen live.
- Instant alerts: pop-up, sound and mobile push notifications when the market changes state.
- EA-ready: 7 hidden data buffers (up-trend, down-trend, range, state, score, confidence, direction) can be read through iCustom, so you can use it as a filter inside any Expert Advisor.
- Any symbol, any timeframe: forex, gold, indices, crypto.
- Fully customizable: periods, weights, thresholds, direction source (DI or EMA cross), and English or Arabic interface.
Who Is It For?
- Discretionary traders who want to filter out bad market conditions before looking for setups.
- EA developers who need a reliable trend/range filter to cut losing trades.
- Scalpers and swing traders who want a quick read of the market on any timeframe.
Suggested Usage
- Wait for the panel to show a trend with Medium or Strong confidence.
- Take entries only in the direction of the trend, using your own strategy.
- When the market returns to a range, stand aside.
What You Get
- The indicator file
- Setup guide
- Free updates
Trading involves risk. This indicator is an analysis tool, not financial advice, and does not guarantee profits.
