Range Scanner Pro: MT5 Range Detection for Higher-Probability Breakouts and Scalping

This 2026 review of Range Scanner Pro provides a practical performance analysis and a detailed method-level review for traders evaluating MT5 indicators. Range Scanner Pro stands out in this analysis because it quantifies range width and volatility decay to locate consolidation pockets, then applies configurable breakout criteria to reduce noise. The developer, Md Golam Murshed, designed the indicator to be computationally light while delivering clear visual overlays and alerting mechanisms that integrate well into automated workflows. The algorithm measures price action across user-selected timeframes and computes adaptive range bands using ATR-based sizing and lookback validation. When price breaks the band with momentum confirmation the indicator produces a signal, and optional filters check subsequent price behavior to avoid whipsaw entries. Range Scanner Pro handles low-volatility consolidations and the initial phases of volatility expansion best, making it useful for breakout traders and scalpers during active sessions. Risk management is delegated to user-configured stop loss and position sizing rules, with recommended defaults included. Expected performance characteristics include moderate trade frequency, higher win rates when used with confirmation, and a statistical edge on major FX pairs and liquid indices under normal market structure conditions.