Range Filter Breakout Signals MT4

Paid release: Range Filter Breakout Signals MT4 is a paid MetaCoderStore indicator. Use the product comments for setup questions, feature requests, and feedback for future updates.

Range Filter Breakout Signals MT4 is a clean regime-flip indicator inspired by the popular TradingView range-filter workflow. It filters normal candle noise with an adaptive smoothed range, then marks a signal only when price breaks far enough to flip the market regime.

Use cases

• Reduce arrow spam by ignoring price movement inside the adaptive range-filter void.
• Spot bullish flips when price breaks out of a bearish/neutral regime.
• Spot bearish flips when price breaks down from a bullish/neutral regime.
• Use the range filter line as a trend-state reference together with your own confirmation rules.
• Feed EAs or scanners with signal, regime, and range buffers.

What it shows

• Blue bullish range filter line and red bearish range filter line.
• Optional upper and lower void bands around the filter line.
• Optional buy and sell regime-flip arrows.
• Hidden EA buffers for signal value, regime state, and smooth range.

Main features

• Adaptive smooth range based on a double-smoothed absolute price move.
• Stateful filter line that stays flat while price remains inside the void.
• Non-repainting closed-bar signal logic for historical review and EA use.
• Configurable sensitivity, sampling period, arrow visibility, band visibility, and alerts.
• Native popup and push-notification alert options.

Basic use steps

1. Attach the indicator to a liquid chart and start with the default SamplingPeriod 50 and RangeMultiplier 2.5.
2. Use the colored filter line to read the active regime.
3. Watch for arrows when the regime flips after price leaves the void band.
4. Confirm signals with your own trend, session, liquidity, risk, and price-action rules.

Inputs

• SamplingPeriod: smoothing period used to estimate normal range.
• RangeMultiplier: expands or contracts the void around the filter line.
• ShowVoidBands: shows or hides the upper/lower adaptive bands.
• ShowSignalMarkers: shows or hides buy/sell arrows.
• MinBreakoutDistancePercent: optional minimum distance beyond the prior filter before a flip can signal.
• ConfirmOnFilterSlope: requires the filter line itself to move before the regime changes.
• EnableAlerts, AlertTriggerCandle, EnablePopupAlerts, EnablePushNotifications: alert controls.

Buffers for EA integration

• 0 Bullish range filter line.
• 1 Bearish range filter line.
• 2 Upper void band.
• 3 Lower void band.
• 4 Buy flip arrow price.
• 5 Sell flip arrow price.
• 6 Signal value: 1 buy flip, -1 sell flip, 0 neutral.
• 7 Regime state: 1 bullish, -1 bearish, 0 neutral.
• 8 Smooth range in points.

Risk note: Range filters can still produce false flips during news spikes, low-liquidity moves, and sideways markets with sudden stop runs. This indicator is a technical analysis tool, not financial advice or an automated trading system. Test settings on demo data before live use.