INDICATOR · BEGINNER GUIDE

RANGES & SWEEPS

Boxes the quiet, sideways spells and marks when a range edge is swept: a quick poke outside that closes back in.

◆No buy / sell signals◆Ranges of 20 candles◆Max height 4 × ATR◆Closed candles, no repainting

WHAT YOU SEE · GOLD 15m 123456

1Purple box (live): a tight range: price has gone sideways in a small box and is still inside it.

2Older boxes: finished ranges, paler with a dashed edge. Their top and bottom are still levels to watch.

3Orange arrow: a sweep: price poked past the edge and closed back inside. ▲ = low swept, ▼ = high swept.

4Grey dot: where the range ended: a candle closed above or below the box.

5Status pill: what is happening now: inside a range, swept, ended or no range.

6What this means: a plain-English note in the dashboard that explains the current status.

Use it in 5 steps

Switch it onOpen Charts → Basic Indicators → tick Ranges & Sweeps. Purple boxes mark quiet spells; the dashboard sits bottom left.
Spot the quiet spellA purple box means price has gone sideways. Quiet spells usually end with a bigger move, but which way is not known in advance.
Use the edges as levelsThe box top and bottom are levels to watch. Note them, and note which side price finally leaves from.
Treat sweeps with careAn orange arrow is a sweep (a “stop run”). In the maker’s tests it did not reliably show the next direction. Watch it, don’t trade it alone.
Wait for your own planA grey dot means price closed outside. In the tests breakouts carried on only about half the time, so confirm with your own plan and stop.

A range and its sweep

Gold 15m, 23 Oct. Price poked above a tight range and closed back in (orange High swept arrows). Soon after it closed below the box: the grey dot marks where the range ended.

The dashboard

Status pill: its colour matches what is happening: purple in a range, orange after a sweep, light blue after a range ends.
Range: the box’s bottom – top prices. Height shows how tall it is in ATR (average candle size).
Found / Ended: how many candles ago. Sweeps lists any swept low or high, with its price.
What this means: a plain-English reading of the situation right now. It changes with the status.
Click the title to hide it, or drag it anywhere by its grip. ↺ puts it back.

Golden rules

It gives no buy or sell signals. Use the boxes as context and levels, then follow your own plan.
Never skip the stop loss. Risk 1% of your account or less per trade.
Don’t chase the break. In the maker’s tests a close outside the box carried on only about half the time.
Practise first with the Replay button: play old candles forward and trade them for free.

🔔 Get told when it happens: click Alerts (the bell), choose Ranges & Sweeps and tick “A tight range is found” or “Range low swept (closed back inside)”.

For educational purposes only. The results in this guide come from testing on past prices. Past performance does not guarantee future results, and real spreads, slippage and delays can make results worse. Nothing here is financial advice, and trading carries a high risk of losing money. Read the risk warning.