ObservableCollection Doesn't support AddRange method, so I get notified for each item added, besides what about INotifyCollectionChanging?

Please refer to the updated and optimized C# 7 version. I didn't want to remove the VB.NET version so I just posted it in a separate answer.

Go to updated version

Seems it's not supported, I implemented by myself, FYI, hope it to be helpful:

I updated the VB version and from now on it raises an event before changing the collection so you can regret (useful when using with DataGrid, ListView and many more, that you can show an "Are you sure" confirmation to the user), the updated VB version is in the bottom of this message.

Please accept my apology that the screen is too narrow to contain my code, I don't like it either.

VB.NET:

Imports System.Collections.Specialized

Namespace System.Collections.ObjectModel
    ''' <summary>
    ''' Represents a dynamic data collection that provides notifications when items get added, removed, or when the whole list is refreshed.
    ''' </summary>
    ''' <typeparam name="T"></typeparam>
    Public Class ObservableRangeCollection(Of T) : Inherits System.Collections.ObjectModel.ObservableCollection(Of T)

        ''' <summary>
        ''' Adds the elements of the specified collection to the end of the ObservableCollection(Of T).
        ''' </summary>
        Public Sub AddRange(ByVal collection As IEnumerable(Of T))
            For Each i In collection
                Items.Add(i)
            Next
            OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
        End Sub

        ''' <summary>
        ''' Removes the first occurence of each item in the specified collection from ObservableCollection(Of T).
        ''' </summary>
        Public Sub RemoveRange(ByVal collection As IEnumerable(Of T))
            For Each i In collection
                Items.Remove(i)
            Next

            OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
        End Sub

        ''' <summary>
        ''' Clears the current collection and replaces it with the specified item.
        ''' </summary>
        Public Sub Replace(ByVal item As T)
            ReplaceRange(New T() {item})
        End Sub
        ''' <summary>
        ''' Clears the current collection and replaces it with the specified collection.
        ''' </summary>
        Public Sub ReplaceRange(ByVal collection As IEnumerable(Of T))
            Dim old = Items.ToList
            Items.Clear()
            For Each i In collection
                Items.Add(i)
            Next
            OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
        End Sub

        ''' <summary>
        ''' Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class.
        ''' </summary>
        ''' <remarks></remarks>
        Public Sub New()
            MyBase.New()
        End Sub
        ''' <summary>
        ''' Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class that contains elements copied from the specified collection.
        ''' </summary>
        ''' <param name="collection">collection: The collection from which the elements are copied.</param>
        ''' <exception cref="System.ArgumentNullException">The collection parameter cannot be null.</exception>
        Public Sub New(ByVal collection As IEnumerable(Of T))
            MyBase.New(collection)
        End Sub
    End Class   

End Namespace

C#:

using System;
using System.Collections.Generic;
using System.Collections.ObjectModel;
using System.Collections.Specialized;
using System.Linq;

/// <summary> 
/// Represents a dynamic data collection that provides notifications when items get added, removed, or when the whole list is refreshed. 
/// </summary> 
/// <typeparam name="T"></typeparam> 
public class ObservableRangeCollection<T> : ObservableCollection<T>
{
    /// <summary> 
    /// Adds the elements of the specified collection to the end of the ObservableCollection(Of T). 
    /// </summary> 
    public void AddRange(IEnumerable<T> collection)
    {
        if (collection == null) throw new ArgumentNullException("collection");

        foreach (var i in collection) Items.Add(i);
        OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset));
    }

    /// <summary> 
    /// Removes the first occurence of each item in the specified collection from ObservableCollection(Of T). 
    /// </summary> 
    public void RemoveRange(IEnumerable<T> collection)
    {
        if (collection == null) throw new ArgumentNullException("collection");

        foreach (var i in collection) Items.Remove(i);
        OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset));
    }

    /// <summary> 
    /// Clears the current collection and replaces it with the specified item. 
    /// </summary> 
    public void Replace(T item)
    {
        ReplaceRange(new T[] { item });
    }

    /// <summary> 
    /// Clears the current collection and replaces it with the specified collection. 
    /// </summary> 
    public void ReplaceRange(IEnumerable<T> collection)
    {
        if (collection == null) throw new ArgumentNullException("collection");

        Items.Clear();
        foreach (var i in collection) Items.Add(i);
        OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset));
    }

    /// <summary> 
    /// Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class. 
    /// </summary> 
    public ObservableRangeCollection()
        : base() { }

    /// <summary> 
    /// Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class that contains elements copied from the specified collection. 
    /// </summary> 
    /// <param name="collection">collection: The collection from which the elements are copied.</param> 
    /// <exception cref="System.ArgumentNullException">The collection parameter cannot be null.</exception> 
    public ObservableRangeCollection(IEnumerable<T> collection)
        : base(collection) { }
}

Update - Observable range collection with collection changing notification

Imports System.Collections.Specialized
Imports System.ComponentModel
Imports System.Collections.ObjectModel

Public Class ObservableRangeCollection(Of T) : Inherits ObservableCollection(Of T) : Implements INotifyCollectionChanging(Of T)
    ''' <summary>
    ''' Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class.
    ''' </summary>
    ''' <remarks></remarks>
    Public Sub New()
        MyBase.New()
    End Sub

    ''' <summary>
    ''' Initializes a new instance of the System.Collections.ObjectModel.ObservableCollection(Of T) class that contains elements copied from the specified collection.
    ''' </summary>
    ''' <param name="collection">collection: The collection from which the elements are copied.</param>
    ''' <exception cref="System.ArgumentNullException">The collection parameter cannot be null.</exception>
    Public Sub New(ByVal collection As IEnumerable(Of T))
        MyBase.New(collection)
    End Sub

    ''' <summary>
    ''' Adds the elements of the specified collection to the end of the ObservableCollection(Of T).
    ''' </summary>
    Public Sub AddRange(ByVal collection As IEnumerable(Of T))
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Add, collection)
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        Dim index = Items.Count - 1
        For Each i In collection
            Items.Add(i)
        Next

        OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Add, collection, index))
    End Sub


    ''' <summary>
    ''' Inserts the collection at specified index.
    ''' </summary>
    Public Sub InsertRange(ByVal index As Integer, ByVal Collection As IEnumerable(Of T))
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Add, Collection)
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        For Each i In Collection
            Items.Insert(index, i)
        Next

        OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
    End Sub


    ''' <summary>
    ''' Removes the first occurence of each item in the specified collection from ObservableCollection(Of T).
    ''' </summary>
    Public Sub RemoveRange(ByVal collection As IEnumerable(Of T))
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Remove, collection)
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        For Each i In collection
            Items.Remove(i)
        Next

        OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
    End Sub



    ''' <summary>
    ''' Clears the current collection and replaces it with the specified item.
    ''' </summary>
    Public Sub Replace(ByVal item As T)
        ReplaceRange(New T() {item})
    End Sub

    ''' <summary>
    ''' Clears the current collection and replaces it with the specified collection.
    ''' </summary>
    Public Sub ReplaceRange(ByVal collection As IEnumerable(Of T))
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Replace, Items)
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        Items.Clear()
        For Each i In collection
            Items.Add(i)
        Next
        OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset))
    End Sub

    Protected Overrides Sub ClearItems()
        Dim e As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Reset, Items)
        OnCollectionChanging(e)

        If e.Cancel Then Exit Sub

        MyBase.ClearItems()
    End Sub

    Protected Overrides Sub InsertItem(ByVal index As Integer, ByVal item As T)
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Add, item)
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        MyBase.InsertItem(index, item)
    End Sub

    Protected Overrides Sub MoveItem(ByVal oldIndex As Integer, ByVal newIndex As Integer)
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)()
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        MyBase.MoveItem(oldIndex, newIndex)
    End Sub

    Protected Overrides Sub RemoveItem(ByVal index As Integer)
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Remove, Items(index))
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        MyBase.RemoveItem(index)
    End Sub

    Protected Overrides Sub SetItem(ByVal index As Integer, ByVal item As T)
        Dim ce As New NotifyCollectionChangingEventArgs(Of T)(NotifyCollectionChangedAction.Replace, Items(index))
        OnCollectionChanging(ce)
        If ce.Cancel Then Exit Sub

        MyBase.SetItem(index, item)
    End Sub

    Protected Overrides Sub OnCollectionChanged(ByVal e As Specialized.NotifyCollectionChangedEventArgs)
        If e.NewItems IsNot Nothing Then
            For Each i As T In e.NewItems
                If TypeOf i Is INotifyPropertyChanged Then AddHandler DirectCast(i, INotifyPropertyChanged).PropertyChanged, AddressOf Item_PropertyChanged
            Next
        End If
        MyBase.OnCollectionChanged(e)
    End Sub

    Private Sub Item_PropertyChanged(ByVal sender As T, ByVal e As ComponentModel.PropertyChangedEventArgs)
        OnCollectionChanged(New NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset, sender, IndexOf(sender)))
    End Sub

    Public Event CollectionChanging(ByVal sender As Object, ByVal e As NotifyCollectionChangingEventArgs(Of T)) Implements INotifyCollectionChanging(Of T).CollectionChanging
    Protected Overridable Sub OnCollectionChanging(ByVal e As NotifyCollectionChangingEventArgs(Of T))
        RaiseEvent CollectionChanging(Me, e)
    End Sub
End Class


Public Interface INotifyCollectionChanging(Of T)
    Event CollectionChanging(ByVal sender As Object, ByVal e As NotifyCollectionChangingEventArgs(Of T))
End Interface

Public Class NotifyCollectionChangingEventArgs(Of T) : Inherits CancelEventArgs

    Public Sub New()
        m_Action = NotifyCollectionChangedAction.Move
        m_Items = New T() {}
    End Sub

    Public Sub New(ByVal action As NotifyCollectionChangedAction, ByVal item As T)
        m_Action = action
        m_Items = New T() {item}
    End Sub

    Public Sub New(ByVal action As NotifyCollectionChangedAction, ByVal items As IEnumerable(Of T))
        m_Action = action
        m_Items = items
    End Sub

    Private m_Action As NotifyCollectionChangedAction
    Public ReadOnly Property Action() As NotifyCollectionChangedAction
        Get
            Return m_Action
        End Get
    End Property

    Private m_Items As IList
    Public ReadOnly Property Items() As IEnumerable(Of T)
        Get
            Return m_Items
        End Get
    End Property
End Class

First of all, please vote and comment on the API request on the .NET repo.

Here's my optimized version of the ObservableRangeCollection (optimized version of James Montemagno's one).

It performs very fast and is meant to reuse existing elements when possible and avoid unnecessary events, or batching them into one, when possible. The ReplaceRange method replaces/removes/adds the required elements by the appropriate indices and batches the possible events.

Tested on Xamarin.Forms UI with great results for very frequent updates to the large collection (5-7 updates per second).

Note: Since WPF is not accustomed to work with range operations, it will throw a NotSupportedException, when using the ObservableRangeCollection from below in WPF UI-related work, such as binding it to a ListBox etc. (you can still use the ObservableRangeCollection<T> if not bound to UI).
However you can use the WpfObservableRangeCollection<T> workaround.
The real solution would be creating a CollectionView that knows how to deal with range operations, but I still didn't have the time to implement this.

RAW Code - open as Raw, then do Ctrl+A to select all, then Ctrl+C to copy.

// Licensed to the .NET Foundation under one or more agreements.
// The .NET Foundation licenses this file to you under the MIT license.
// See the LICENSE file in the project root for more information.

using System.Collections.Generic;
using System.Collections.Specialized;
using System.ComponentModel;
using System.Diagnostics;

namespace System.Collections.ObjectModel
{
  /// <summary>
  /// Implementation of a dynamic data collection based on generic Collection&lt;T&gt;,
  /// implementing INotifyCollectionChanged to notify listeners
  /// when items get added, removed or the whole list is refreshed.
  /// </summary>
  public class ObservableRangeCollection<T> : ObservableCollection<T>
  {
    //------------------------------------------------------
    //
    //  Private Fields
    //
    //------------------------------------------------------

    #region Private Fields    
    [NonSerialized]
    private DeferredEventsCollection _deferredEvents;
    #endregion Private Fields


    //------------------------------------------------------
    //
    //  Constructors
    //
    //------------------------------------------------------

    #region Constructors
    /// <summary>
    /// Initializes a new instance of ObservableCollection that is empty and has default initial capacity.
    /// </summary>
    public ObservableRangeCollection() { }

    /// <summary>
    /// Initializes a new instance of the ObservableCollection class that contains
    /// elements copied from the specified collection and has sufficient capacity
    /// to accommodate the number of elements copied.
    /// </summary>
    /// <param name="collection">The collection whose elements are copied to the new list.</param>
    /// <remarks>
    /// The elements are copied onto the ObservableCollection in the
    /// same order they are read by the enumerator of the collection.
    /// </remarks>
    /// <exception cref="ArgumentNullException"> collection is a null reference </exception>
    public ObservableRangeCollection(IEnumerable<T> collection) : base(collection) { }

    /// <summary>
    /// Initializes a new instance of the ObservableCollection class
    /// that contains elements copied from the specified list
    /// </summary>
    /// <param name="list">The list whose elements are copied to the new list.</param>
    /// <remarks>
    /// The elements are copied onto the ObservableCollection in the
    /// same order they are read by the enumerator of the list.
    /// </remarks>
    /// <exception cref="ArgumentNullException"> list is a null reference </exception>
    public ObservableRangeCollection(List<T> list) : base(list) { }

    #endregion Constructors

    //------------------------------------------------------
    //
    //  Public Methods
    //
    //------------------------------------------------------

    #region Public Methods

    /// <summary>
    /// Adds the elements of the specified collection to the end of the <see cref="ObservableCollection{T}"/>.
    /// </summary>
    /// <param name="collection">
    /// The collection whose elements should be added to the end of the <see cref="ObservableCollection{T}"/>.
    /// The collection itself cannot be null, but it can contain elements that are null, if type T is a reference type.
    /// </param>
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    public void AddRange(IEnumerable<T> collection)
    {
      InsertRange(Count, collection);
    }

    /// <summary>
    /// Inserts the elements of a collection into the <see cref="ObservableCollection{T}"/> at the specified index.
    /// </summary>
    /// <param name="index">The zero-based index at which the new elements should be inserted.</param>
    /// <param name="collection">The collection whose elements should be inserted into the List<T>.
    /// The collection itself cannot be null, but it can contain elements that are null, if type T is a reference type.</param>                
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="index"/> is not in the collection range.</exception>
    public void InsertRange(int index, IEnumerable<T> collection)
    {
      if (collection == null)
        throw new ArgumentNullException(nameof(collection));
      if (index < 0)
        throw new ArgumentOutOfRangeException(nameof(index));
      if (index > Count)
        throw new ArgumentOutOfRangeException(nameof(index));

      if (collection is ICollection<T> countable)
      {
        if (countable.Count == 0)
        {
          return;
        }
      }
      else if (!ContainsAny(collection))
      {
        return;
      }

      CheckReentrancy();

      //expand the following couple of lines when adding more constructors.
      var target = (List<T>)Items;
      target.InsertRange(index, collection);

      OnEssentialPropertiesChanged();

      if (!(collection is IList list))
        list = new List<T>(collection);

      OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Add, list, index));
    }


    /// <summary> 
    /// Removes the first occurence of each item in the specified collection from the <see cref="ObservableCollection{T}"/>.
    /// </summary>
    /// <param name="collection">The items to remove.</param>        
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    public void RemoveRange(IEnumerable<T> collection)
    {
      if (collection == null)
        throw new ArgumentNullException(nameof(collection));

      if (Count == 0)
      {
        return;
      }
      else if (collection is ICollection<T> countable)
      {
        if (countable.Count == 0)
          return;
        else if (countable.Count == 1)
          using (IEnumerator<T> enumerator = countable.GetEnumerator())
          {
            enumerator.MoveNext();
            Remove(enumerator.Current);
            return;
          }
      }
      else if (!(ContainsAny(collection)))
      {
        return;
      }

      CheckReentrancy();

      var clusters = new Dictionary<int, List<T>>();
      var lastIndex = -1;
      List<T> lastCluster = null;
      foreach (T item in collection)
      {
        var index = IndexOf(item);
        if (index < 0)
        {
          continue;
        }

        Items.RemoveAt(index);

        if (lastIndex == index && lastCluster != null)
        {
          lastCluster.Add(item);
        }
        else
        {
          clusters[lastIndex = index] = lastCluster = new List<T> { item };
        }
      }

      OnEssentialPropertiesChanged();

      if (Count == 0)
        OnCollectionReset();
      else
        foreach (KeyValuePair<int, List<T>> cluster in clusters)
          OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Remove, cluster.Value, cluster.Key));

    }

    /// <summary>
    /// Iterates over the collection and removes all items that satisfy the specified match.
    /// </summary>
    /// <remarks>The complexity is O(n).</remarks>
    /// <param name="match"></param>
    /// <returns>Returns the number of elements that where </returns>
    /// <exception cref="ArgumentNullException"><paramref name="match"/> is null.</exception>
    public int RemoveAll(Predicate<T> match)
    {
      return RemoveAll(0, Count, match);
    }

    /// <summary>
    /// Iterates over the specified range within the collection and removes all items that satisfy the specified match.
    /// </summary>
    /// <remarks>The complexity is O(n).</remarks>
    /// <param name="index">The index of where to start performing the search.</param>
    /// <param name="count">The number of items to iterate on.</param>
    /// <param name="match"></param>
    /// <returns>Returns the number of elements that where </returns>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="index"/> is out of range.</exception>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="count"/> is out of range.</exception>
    /// <exception cref="ArgumentNullException"><paramref name="match"/> is null.</exception>
    public int RemoveAll(int index, int count, Predicate<T> match)
    {
      if (index < 0)
        throw new ArgumentOutOfRangeException(nameof(index));
      if (count < 0)
        throw new ArgumentOutOfRangeException(nameof(count));
      if (index + count > Count)
        throw new ArgumentOutOfRangeException(nameof(index));
      if (match == null)
        throw new ArgumentNullException(nameof(match));

      if (Count == 0)
        return 0;

      List<T> cluster = null;
      var clusterIndex = -1;
      var removedCount = 0;

      using (BlockReentrancy())
      using (DeferEvents())
      {
        for (var i = 0; i < count; i++, index++)
        {
          T item = Items[index];
          if (match(item))
          {
            Items.RemoveAt(index);
            removedCount++;

            if (clusterIndex == index)
            {
              Debug.Assert(cluster != null);
              cluster.Add(item);
            }
            else
            {
              cluster = new List<T> { item };
              clusterIndex = index;
            }

            index--;
          }
          else if (clusterIndex > -1)
          {
            OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Remove, cluster, clusterIndex));
            clusterIndex = -1;
            cluster = null;
          }
        }

        if (clusterIndex > -1)
          OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Remove, cluster, clusterIndex));
      }

      if (removedCount > 0)
        OnEssentialPropertiesChanged();

      return removedCount;
    }

    /// <summary>
    /// Removes a range of elements from the <see cref="ObservableCollection{T}"/>>.
    /// </summary>
    /// <param name="index">The zero-based starting index of the range of elements to remove.</param>
    /// <param name="count">The number of elements to remove.</param>
    /// <exception cref="ArgumentOutOfRangeException">The specified range is exceeding the collection.</exception>
    public void RemoveRange(int index, int count)
    {
      if (index < 0)
        throw new ArgumentOutOfRangeException(nameof(index));
      if (count < 0)
        throw new ArgumentOutOfRangeException(nameof(count));
      if (index + count > Count)
        throw new ArgumentOutOfRangeException(nameof(index));

      if (count == 0)
        return;

      if (count == 1)
      {
        RemoveItem(index);
        return;
      }

      //Items will always be List<T>, see constructors
      var items = (List<T>)Items;
      List<T> removedItems = items.GetRange(index, count);

      CheckReentrancy();

      items.RemoveRange(index, count);

      OnEssentialPropertiesChanged();

      if (Count == 0)
        OnCollectionReset();
      else
        OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Remove, removedItems, index));
    }

    /// <summary> 
    /// Clears the current collection and replaces it with the specified collection,
    /// using the default <see cref="EqualityComparer{T}"/>.
    /// </summary>             
    /// <param name="collection">The items to fill the collection with, after clearing it.</param>
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    public void ReplaceRange(IEnumerable<T> collection)
    {
      ReplaceRange(0, Count, collection, EqualityComparer<T>.Default);
    }

    /// <summary>
    /// Clears the current collection and replaces it with the specified collection,
    /// using the specified comparer to skip equal items.
    /// </summary>
    /// <param name="collection">The items to fill the collection with, after clearing it.</param>
    /// <param name="comparer">An <see cref="IEqualityComparer{T}"/> to be used
    /// to check whether an item in the same location already existed before,
    /// which in case it would not be added to the collection, and no event will be raised for it.</param>
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    /// <exception cref="ArgumentNullException"><paramref name="comparer"/> is null.</exception>
    public void ReplaceRange(IEnumerable<T> collection, IEqualityComparer<T> comparer)
    {
      ReplaceRange(0, Count, collection, comparer);
    }

    /// <summary>
    /// Removes the specified range and inserts the specified collection,
    /// ignoring equal items (using <see cref="EqualityComparer{T}.Default"/>).
    /// </summary>
    /// <param name="index">The index of where to start the replacement.</param>
    /// <param name="count">The number of items to be replaced.</param>
    /// <param name="collection">The collection to insert in that location.</param>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="index"/> is out of range.</exception>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="count"/> is out of range.</exception>
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    public void ReplaceRange(int index, int count, IEnumerable<T> collection)
    {
      ReplaceRange(index, count, collection, EqualityComparer<T>.Default);
    }

    /// <summary>
    /// Removes the specified range and inserts the specified collection in its position, leaving equal items in equal positions intact.
    /// </summary>
    /// <param name="index">The index of where to start the replacement.</param>
    /// <param name="count">The number of items to be replaced.</param>
    /// <param name="collection">The collection to insert in that location.</param>
    /// <param name="comparer">The comparer to use when checking for equal items.</param>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="index"/> is out of range.</exception>
    /// <exception cref="ArgumentOutOfRangeException"><paramref name="count"/> is out of range.</exception>
    /// <exception cref="ArgumentNullException"><paramref name="collection"/> is null.</exception>
    /// <exception cref="ArgumentNullException"><paramref name="comparer"/> is null.</exception>
    public void ReplaceRange(int index, int count, IEnumerable<T> collection, IEqualityComparer<T> comparer)
    {
      if (index < 0)
        throw new ArgumentOutOfRangeException(nameof(index));
      if (count < 0)
        throw new ArgumentOutOfRangeException(nameof(count));
      if (index + count > Count)
        throw new ArgumentOutOfRangeException(nameof(index));

      if (collection == null)
        throw new ArgumentNullException(nameof(collection));
      if (comparer == null)
        throw new ArgumentNullException(nameof(comparer));

      if (collection is ICollection<T> countable)
      {
        if (countable.Count == 0)
        {
          RemoveRange(index, count);
          return;
        }
      }
      else if (!ContainsAny(collection))
      {
        RemoveRange(index, count);
        return;
      }

      if (index + count == 0)
      {
        InsertRange(0, collection);
        return;
      }

      if (!(collection is IList<T> list))
        list = new List<T>(collection);

      using (BlockReentrancy())
      using (DeferEvents())
      {
        var rangeCount = index + count;
        var addedCount = list.Count;

        var changesMade = false;
        List<T>
            newCluster = null,
            oldCluster = null;


        int i = index;
        for (; i < rangeCount && i - index < addedCount; i++)
        {
          //parallel position
          T old = this[i], @new = list[i - index];
          if (comparer.Equals(old, @new))
          {
            OnRangeReplaced(i, newCluster, oldCluster);
            continue;
          }
          else
          {
            Items[i] = @new;

            if (newCluster == null)
            {
              Debug.Assert(oldCluster == null);
              newCluster = new List<T> { @new };
              oldCluster = new List<T> { old };
            }
            else
            {
              newCluster.Add(@new);
              oldCluster.Add(old);
            }

            changesMade = true;
          }
        }

        OnRangeReplaced(i, newCluster, oldCluster);

        //exceeding position
        if (count != addedCount)
        {
          var items = (List<T>)Items;
          if (count > addedCount)
          {
            var removedCount = rangeCount - addedCount;
            T[] removed = new T[removedCount];
            items.CopyTo(i, removed, 0, removed.Length);
            items.RemoveRange(i, removedCount);
            OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Remove, removed, i));
          }
          else
          {
            var k = i - index;
            T[] added = new T[addedCount - k];
            for (int j = k; j < addedCount; j++)
            {
              T @new = list[j];
              added[j - k] = @new;
            }
            items.InsertRange(i, added);
            OnCollectionChanged(new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Add, added, i));
          }

          OnEssentialPropertiesChanged();
        }
        else if (changesMade)
        {
          OnIndexerPropertyChanged();
        }
      }
    }

    #endregion Public Methods


    //------------------------------------------------------
    //
    //  Protected Methods
    //
    //------------------------------------------------------

    #region Protected Methods

    /// <summary>
    /// Called by base class Collection&lt;T&gt; when the list is being cleared;
    /// raises a CollectionChanged event to any listeners.
    /// </summary>
    protected override void ClearItems()
    {
      if (Count == 0)
        return;

      CheckReentrancy();
      base.ClearItems();
      OnEssentialPropertiesChanged();
      OnCollectionReset();
    }

    /// <summary>
    /// Called by base class Collection&lt;T&gt; when an item is set in list;
    /// raises a CollectionChanged event to any listeners.
    /// </summary>
    protected override void SetItem(int index, T item)
    {
      if (Equals(this[index], item))
        return;

      CheckReentrancy();
      T originalItem = this[index];
      base.SetItem(index, item);

      OnIndexerPropertyChanged();
      OnCollectionChanged(NotifyCollectionChangedAction.Replace, originalItem, item, index);
    }

    /// <summary>
    /// Raise CollectionChanged event to any listeners.
    /// Properties/methods modifying this ObservableCollection will raise
    /// a collection changed event through this virtual method.
    /// </summary>
    /// <remarks>
    /// When overriding this method, either call its base implementation
    /// or call <see cref="BlockReentrancy"/> to guard against reentrant collection changes.
    /// </remarks>
    protected override void OnCollectionChanged(NotifyCollectionChangedEventArgs e)
    {
      if (_deferredEvents != null)
      {
        _deferredEvents.Add(e);
        return;
      }
      base.OnCollectionChanged(e);
    }

    protected virtual IDisposable DeferEvents() => new DeferredEventsCollection(this);

    #endregion Protected Methods


    //------------------------------------------------------
    //
    //  Private Methods
    //
    //------------------------------------------------------

    #region Private Methods

    /// <summary>
    /// Helper function to determine if a collection contains any elements.
    /// </summary>
    /// <param name="collection">The collection to evaluate.</param>
    /// <returns></returns>
    private static bool ContainsAny(IEnumerable<T> collection)
    {
      using (IEnumerator<T> enumerator = collection.GetEnumerator())
        return enumerator.MoveNext();
    }

    /// <summary>
    /// Helper to raise Count property and the Indexer property.
    /// </summary>
    private void OnEssentialPropertiesChanged()
    {
      OnPropertyChanged(EventArgsCache.CountPropertyChanged);
      OnIndexerPropertyChanged();
    }

    /// <summary>
    /// /// Helper to raise a PropertyChanged event for the Indexer property
    /// /// </summary>
    private void OnIndexerPropertyChanged() =>
      OnPropertyChanged(EventArgsCache.IndexerPropertyChanged);

    /// <summary>
    /// Helper to raise CollectionChanged event to any listeners
    /// </summary>
    private void OnCollectionChanged(NotifyCollectionChangedAction action, object oldItem, object newItem, int index) =>
      OnCollectionChanged(new NotifyCollectionChangedEventArgs(action, newItem, oldItem, index));

    /// <summary>
    /// Helper to raise CollectionChanged event with action == Reset to any listeners
    /// </summary>
    private void OnCollectionReset() =>
      OnCollectionChanged(EventArgsCache.ResetCollectionChanged);

    /// <summary>
    /// Helper to raise event for clustered action and clear cluster.
    /// </summary>
    /// <param name="followingItemIndex">The index of the item following the replacement block.</param>
    /// <param name="newCluster"></param>
    /// <param name="oldCluster"></param>
    //TODO should have really been a local method inside ReplaceRange(int index, int count, IEnumerable<T> collection, IEqualityComparer<T> comparer),
    //move when supported language version updated.
    private void OnRangeReplaced(int followingItemIndex, ICollection<T> newCluster, ICollection<T> oldCluster)
    {
      if (oldCluster == null || oldCluster.Count == 0)
      {
        Debug.Assert(newCluster == null || newCluster.Count == 0);
        return;
      }

      OnCollectionChanged(
          new NotifyCollectionChangedEventArgs(
              NotifyCollectionChangedAction.Replace,
              new List<T>(newCluster),
              new List<T>(oldCluster),
              followingItemIndex - oldCluster.Count));

      oldCluster.Clear();
      newCluster.Clear();
    }

    #endregion Private Methods

    //------------------------------------------------------
    //
    //  Private Types
    //
    //------------------------------------------------------

    #region Private Types
    private sealed class DeferredEventsCollection : List<NotifyCollectionChangedEventArgs>, IDisposable
    {
      private readonly ObservableRangeCollection<T> _collection;
      public DeferredEventsCollection(ObservableRangeCollection<T> collection)
      {
        Debug.Assert(collection != null);
        Debug.Assert(collection._deferredEvents == null);
        _collection = collection;
        _collection._deferredEvents = this;
      }

      public void Dispose()
      {
        _collection._deferredEvents = null;
        foreach (var args in this)
          _collection.OnCollectionChanged(args);
      }
    }

    #endregion Private Types

  }

  /// <remarks>
  /// To be kept outside <see cref="ObservableCollection{T}"/>, since otherwise, a new instance will be created for each generic type used.
  /// </remarks>
  internal static class EventArgsCache
  {
    internal static readonly PropertyChangedEventArgs CountPropertyChanged = new PropertyChangedEventArgs("Count");
    internal static readonly PropertyChangedEventArgs IndexerPropertyChanged = new PropertyChangedEventArgs("Item[]");
    internal static readonly NotifyCollectionChangedEventArgs ResetCollectionChanged = new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset);
  }
}

I think AddRange is better implemented like so:

public void AddRange(IEnumerable<T> collection)
{
    foreach (var i in collection) Items.Add(i);
    OnCollectionChanged(
        new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset));
}

It saves you a list copy. Also if you want to micro-optimise you could do adds for up to N items and if more than N items where added do a reset.