Breakout and rejection range trading

Features

• Automatic range mapping: tracks the highest high and lowest low over a lookback window to define the current range top and bottom.
• Breakout and rejection logic: a close beyond the range marks a breakout; a failure at the edge marks a rejection.
• Built-in trigger levels: derives buy/sell trigger levels inside the range from the range height, so entries are rule-based.
• Clear visual zones that adapt as the range shifts.

Inputs

• Lookback (X candles): bars used to compute the range high and low.
• Trigger Ratio: fraction of range height used to place the buy/sell trigger levels (for example 0.3).
• Include Current Bar: use the forming bar in the range calculation on/off.
• Color and line options.

Outputs

• Range top and bottom lines, with the internal buy/sell trigger levels marked.
• Visual cue when a breakout or rejection occurs at the edge.

Alerts

Optional alerts can be sent as a screen popup, sound, push notification and email on a breakout or rejection.

Limitations

Range tools work best while a range holds; once price breaks and trends, range rules stop applying. Confirm with the higher-timeframe trend and place stops beyond the opposite edge.

Full guide with the exact level formulas: see the Comments section.

Group support: https://www.mql5.com/en/channels/vuongphamtrading