Baton ( H1 Candle Range Box | 30 Bars | 50% Midpoint )
# BATON (H1 Candle Range Box | 30 Bars | 50% Midpoint | By JEAN HEROLD MILLIEN)
## Overview
The H1 Candle Range Box is a technical analysis indicator created by **Jean Herold Millien (Roldjy65)**. It is designed to help traders using the **1-Hour Candle Range Theory (1H CRT)** methodology by highlighting the high and low of the most recently completed 1-hour candle.
The indicator automatically draws a range box and a clearly visible dashed midpoint line at the 50% level of the candle's range.
It is designed to work on lower timeframes, allowing traders to monitor the previous completed 1-hour candle while analyzing price action on shorter charts.
## Key Features
### 🟢 Bullish and Bearish Candle Identification
* **Green box:** The previous 1-hour candle closed above its opening price.
* **Red box:** The previous 1-hour candle closed below its opening price.
### 📦 Automatic Candle Range Box
* Marks the exact high and low of the most recently completed 1-hour candle.
* Automatically updates when a new 1-hour candle begins.
* Removes the previous box when a new confirmed hourly candle is displayed.
### 〰️ Bold Dashed 50% Midpoint
* Displays a horizontal dashed line at the exact 50% level between the candle's high and low.
* Helps traders visualize the midpoint of the previous hourly range.
* Uses a contrasting color and adjustable thickness for improved visibility.
### ⏱️ 30-Bar Projection
* Extends the candle range box across 30 chart bars by default.
* Allows traders to visualize the hourly range while analyzing price action.
* The projection length is adjustable in the indicator settings.
* The projected duration depends on the chart timeframe.
### 📊 Multi-Timeframe Analysis
* Designed for use on the 1-hour chart and lower timeframes, including 30-minute, 15-minute, 5-minute, 3-minute, and 1-minute charts.
* Uses confirmed 1-hour candle data to help traders analyze completed hourly ranges.
* Provides a visual reference for traders looking for potential 1H CRT setups.
### 🎯 Designed for 1H CRT Traders
This indicator is intended to assist traders who use the 1-Hour Candle Range Theory (CRT) methodology.
It helps traders:
* Identify the high and low of the previous completed 1-hour candle.
* Monitor the hourly range on lower timeframes.
* Observe the 50% midpoint as a reference level.
* Analyze price reactions around the previous hourly candle's range.
* Combine the range with their own CRT confirmation criteria before considering a trade.
The indicator can also be used alongside liquidity analysis, market structure, support and resistance, supply and demand zones, and fair value gaps (FVGs).
## How to Use
1. Add the indicator to your TradingView chart.
2. Verify the indicator name and author: **Jean Herold Millien (Roldjy65)**.
3. Identify the color of the most recently completed hourly candle.
4. Observe the candle's high and low boundaries.
5. Use the dashed 50% midpoint as a reference when analyzing price action.
6. Switch to a lower timeframe to study price behavior around the hourly range.
7. Apply your preferred CRT setup and confirmation rules before entering a trade.
## Important Notes
This indicator is a visual analysis tool. It does not automatically detect or confirm every CRT setup, generate buy or sell signals, or guarantee trading results.
A green box indicates that the hourly candle closed above its open, while a red box indicates that it closed below its open. Candle color alone does not establish the overall market trend.
The 50% midpoint represents the arithmetic midpoint between the candle's high and low. It should not automatically be interpreted as confirmed support, resistance, or a guaranteed entry level.
Always apply proper risk management and confirm trading decisions using your own analysis.
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice and should not be considered a guarantee of future market performance. Trading financial instruments involves substantial risk. Always trade responsibly and make independent trading decisions.
## Overview
The H1 Candle Range Box is a technical analysis indicator created by **Jean Herold Millien (Roldjy65)**. It is designed to help traders using the **1-Hour Candle Range Theory (1H CRT)** methodology by highlighting the high and low of the most recently completed 1-hour candle.
The indicator automatically draws a range box and a clearly visible dashed midpoint line at the 50% level of the candle's range.
It is designed to work on lower timeframes, allowing traders to monitor the previous completed 1-hour candle while analyzing price action on shorter charts.
## Key Features
### 🟢 Bullish and Bearish Candle Identification
* **Green box:** The previous 1-hour candle closed above its opening price.
* **Red box:** The previous 1-hour candle closed below its opening price.
### 📦 Automatic Candle Range Box
* Marks the exact high and low of the most recently completed 1-hour candle.
* Automatically updates when a new 1-hour candle begins.
* Removes the previous box when a new confirmed hourly candle is displayed.
### 〰️ Bold Dashed 50% Midpoint
* Displays a horizontal dashed line at the exact 50% level between the candle's high and low.
* Helps traders visualize the midpoint of the previous hourly range.
* Uses a contrasting color and adjustable thickness for improved visibility.
### ⏱️ 30-Bar Projection
* Extends the candle range box across 30 chart bars by default.
* Allows traders to visualize the hourly range while analyzing price action.
* The projection length is adjustable in the indicator settings.
* The projected duration depends on the chart timeframe.
### 📊 Multi-Timeframe Analysis
* Designed for use on the 1-hour chart and lower timeframes, including 30-minute, 15-minute, 5-minute, 3-minute, and 1-minute charts.
* Uses confirmed 1-hour candle data to help traders analyze completed hourly ranges.
* Provides a visual reference for traders looking for potential 1H CRT setups.
### 🎯 Designed for 1H CRT Traders
This indicator is intended to assist traders who use the 1-Hour Candle Range Theory (CRT) methodology.
It helps traders:
* Identify the high and low of the previous completed 1-hour candle.
* Monitor the hourly range on lower timeframes.
* Observe the 50% midpoint as a reference level.
* Analyze price reactions around the previous hourly candle's range.
* Combine the range with their own CRT confirmation criteria before considering a trade.
The indicator can also be used alongside liquidity analysis, market structure, support and resistance, supply and demand zones, and fair value gaps (FVGs).
## How to Use
1. Add the indicator to your TradingView chart.
2. Verify the indicator name and author: **Jean Herold Millien (Roldjy65)**.
3. Identify the color of the most recently completed hourly candle.
4. Observe the candle's high and low boundaries.
5. Use the dashed 50% midpoint as a reference when analyzing price action.
6. Switch to a lower timeframe to study price behavior around the hourly range.
7. Apply your preferred CRT setup and confirmation rules before entering a trade.
## Important Notes
This indicator is a visual analysis tool. It does not automatically detect or confirm every CRT setup, generate buy or sell signals, or guarantee trading results.
A green box indicates that the hourly candle closed above its open, while a red box indicates that it closed below its open. Candle color alone does not establish the overall market trend.
The 50% midpoint represents the arithmetic midpoint between the candle's high and low. It should not automatically be interpreted as confirmed support, resistance, or a guaranteed entry level.
Always apply proper risk management and confirm trading decisions using your own analysis.
## Disclaimer
This indicator is provided for educational and informational purposes only. It is not financial advice and should not be considered a guarantee of future market performance. Trading financial instruments involves substantial risk. Always trade responsibly and make independent trading decisions.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.