ICMR — Chrono Maker Range (v12.7.1)

✅ ICMR — Chrono Maker Range (v12.7) — Description (Balanced Technical + Friendly)

ICMR — Chrono Maker Range is a hybrid market-structure tool designed to help traders clearly identify directional bias and high-quality breakouts using either Higher-Timeframe (HTF) ranges or Initial Balance (IB) ranges. The indicator automatically builds the range, colors candles by market state, and highlights breakout signals using smart filters to reduce noise.

The concept is simple:
Price is either above the range (Bullish), inside the range (Neutral), or below the range (Bearish)—and ICMR keeps this state stable and easy to follow.

🔷 How It Works

ICMR constructs a tradable range using one of two modes:

1) HTF Range Mode

Pulls the High / Low from a higher timeframe (e.g., Daily, 4H).
You can choose:

Previous HTF candle → stable, non-moving range

Current HTF candle → dynamic, expands until HTF close

Perfect for tracking market bias across smaller timeframes.

2) Initial Balance (IB) Mode

Builds the range from the first N minutes of the session (e.g., first 60 minutes).
After the IB period ends, the range locks and becomes the day’s framework.

🔷 Market State Logic

The indicator evaluates where price is relative to the range and classifies the market into:

✅ Bullish → price breaks above the range

⚪ Neutral → price stays inside

❌ Bearish → price breaks below

You can optionally enable an EMA Trend Filter (fast vs slow EMA) to ensure breakouts align with trend direction.

🔷 Smart Signal System

ICMR includes compact signal shapes (triangles/circles), but only when conditions are strong:

✔️ Minimum breakout distance beyond the range

✔️ Candle body must exceed a % of ATR

✔️ Optional volume expansion filter

✔️ Cooldown between signals to avoid over-trading

✔️ Option to trigger signals only on state flips

These filters help keep signals actionable and reduce noise.

🔷 Visual Tools

HTF/IB Range High, Range Low, Midline

Optional shaded box

Segmented extend-right lines that reset when HTF/IB changes

Bar coloring (Bull/Neutral/Bear)

Soft background tint (optional)

Built-in info panel with range & filter stats

Alerts on state flips

Everything is designed to keep the chart clean and readable.

🔷 Presets

The indicator includes two ready-to-use profiles:

Conservative

Stable HTF ranges, confirmed breaks, trend-filtered signals, and fewer alerts.

Aggressive

Dynamic HTF ranges, more flexible break rules, and more frequent signals.

Each preset can be fully customized.

🔷 How Traders Use It

Intraday traders use HTF ranges (D, 4H) for bias on 1m–15m charts.

Day traders use IB to track the opening range and breakout opportunities.

Swing traders use conservative settings to filter false moves.

Scalpers enable aggressive mode with ATR/volume filters.