CRT - Candle Range Theory

vor 19 Stunden

CRT - Candle Range Theory is an indicator that identifies CRT patterns based on the concept of liquidity sweeps and price rejection.

WHAT IS CRT?

A CRT (Candle Range Theory) pattern occurs when:
- A "Parent" candle establishes a range (High/Low)
- The next candle sweeps beyond one side of that range (liquidity grab)
- But closes back INSIDE the parent range (rejection)

This creates a potential reversal signal as liquidity has been taken and price rejected continuation.

PATTERN TYPES

BEARISH CRT
- CRT candle sweeps above Parent High
- Does NOT sweep below Parent Low
- Closes inside Parent range

BULLISH CRT
- CRT candle sweeps below Parent Low
- Does NOT sweep above Parent High
- Closes inside Parent range

ALERT TYPES

The indicator offers three alert filters based on the strength of rejection:

1. Close NOT Reach 50%
Strongest rejection - Close doesn't even retrace to the 50% level of the parent range.
Bearish: Close > 50% | Bullish: Close < 50%

2. Price NOT Reach 50%
Price (wick) doesn't reach the 50% level at all.
Bearish: Low > 50% | Bullish: High < 50%

3. Basic CRT
Any valid CRT pattern without the 50% filter.

VISUAL ELEMENTS

- PH / PL lines: Parent candle High and Low
- 50% line: Middle of the parent range
- 25% / 75% lines: Quarter levels of the parent range
- Labels: Appear on CRT candle showing pattern type and conditions met

HOW TO USE

1. Set your preferred chart timeframe
2. Enable the alert types you want to monitor
3. Create alerts via the TradingView alert menu
4. Labels will automatically appear when conditions are met

SETTINGS

Visual Settings
- Colors for PH/PL, 50%, and 25%/75% lines
- Line widths for each level type
- Toggle visibility for 50% and quarter lines

CRT Alerts
- Show/hide labels on chart
- Customize bearish/bullish label colors
- Enable/disable each alert type independently

NOTES

- This indicator works on any timeframe
- Multiple conditions can be displayed in one label if enabled
- Outside bars (sweep both sides) are excluded from CRT detection
- Close must be inside parent range for valid pattern

vor 13 Stunden

Versionshinweise

Add option for valid CRT only if 2nd candle closes in oposing direction

vor 13 Stunden

Versionshinweise

Default oposing candle filter = false

vor 12 Stunden

Versionshinweise

Alertes only if candle is confirmed