Market Range Oracle

Market Range Oracle is an advanced volatility-adaptive projection tool designed to help traders anticipate future price behaviour, identify probabilistic ranges, and understand how markets historically expand or contract from the price open.

📊 By analysing historical bar-to-bar performance, ATR-filtered volatility, and fast-RSI momentum, the indicator creates a complete forward-looking range map for any timeframe.

📈 What Market Range Oracle Does

Calculates Expected Price Movement From the Open for any selected timeframe, the indicator measures thousands of past bars (or your chosen lookback) to determine:

1. Average % Gain
   
2. Average % Loss
   
3. Max Adjusted Gain (ATR-filtered projected peaks)
   
4. Max Adjusted Loss (ATR-filtered projected troughs)
   
5. Rate of green and red candle closes in the selected lookback period
   
6. Projected price levels for all of the above
   

These projections are then plotted directly on the chart or drawn as offset lines with detailed labels, all the colours, text size, show/hide elements are customisable from the indicator dashboard.

🧠 How does work and how to use it

The indicator computes projections across three independent timeframes:

• Plots Timeframe — where visual projection bands are drawn
  
• Lines & Labels Timeframe — creates separate-TF projection levels & labels
  
• Forecast Timeframe — allows forward bar forecasting for the next candle
  

Forecast projections (when enabled) can be used to show the next future candle of any timeframe.

Example 1: Plots Timeframe set to current timeframe and the Forecast Timeframe option to the same timeframe, this will show an adaptive range moving with the price for current timeframe.



Example 2 : Find the potential Future range long term, the current timeframe is an weekly and we set the Forecast Timeframe to 2 weeks, as want to see potential top and bottom range for the next 2 weeks



Example 3 : Scalping with Market Range Oracle - Set the Bands to current timeframe and set the Projections lines and labels to a higher timeframe (in our case 15 minutes and a 4h)




⚡ Momentum Overlay (Fast RSI Hybrid)

A fast-RSI (RSI-2) colour code system measures short-term momentum and the top and bottom of the ranges display momentum.

Also the middle RSI 50 value equivalent EMA shows directional bias visualized with colour-shifting dashed line on the chart to help traders with clear trend direction.

🔔 Built-In Alert System

Alerts trigger on Price-Level Events and on momentum shift:

• Price reaches projected Avg Loss
  
• Price reaches projected Max Gain
  
• Price reaches projected Max Loss
  
• Midpoint Cross Events
  
• Price crosses above mid-range
  
• Price crosses below mid-range
  
• Fast RSI bullish momentum
  
• Fast RSI bearish momentum
  
• Fast RSI strong bullish spike
  
• Fast RSI strong bearish spike
  

🧩 Market Range Oracle is ideal for scalping, day-trading, swing trading, and position traders.


💬 Notes

Market Range Oracle does not predict future price — it projects statistically probable ranges based on historical behaviour and volatility. It is a decision-support tool to help traders navigate expected expansion from the open.