OPEN-SOURCE SCRIPT
CRT - Candle Range Theory
CRT - Candle Range Theory (CRH/CRL Marker)
This indicator automatically marks the High (CRH) and Low (CRL) of a higher-timeframe "range candle" once the next HTF candle sweeps it. It does not mark every candle, only valid CRT setups.
HOW IT WORKS
1. Candle 1 (range candle): the previous HTF candle (default 4H).
2. Candle 2 (sweep candle): the following HTF candle that takes out the high OR low of Candle 1.
3. Valid CRT: Candle 2 closes back INSIDE the range of Candle 1.
- Bullish: sweeps below CRL, closes back inside. Target is CRH.
- Bearish: sweeps above CRH, closes back inside. Target is CRL.
4. If Candle 2 closes outside the range (a breakout), or sweeps both sides, the setup is invalid and the CRH/CRL marks are removed.
FEATURES
- CRH/CRL drawn wick to wick on the range candle
- Live mode: marks the range as soon as price sweeps it, and removes it if the candle closes as a breakout
- Confirmed mode: marks only after the sweep candle closes inside the range
- Alerts for confirmed bullish and bearish CRT setups
- Customizable HTF timeframe and line/label color
HOW TO USE
Set the chart to a lower timeframe than the CRT timeframe (for example 5m chart with 4H CRT). Once CRH/CRL appear, look for entry confirmation on the lower timeframe (MSS/CHoCH, FVG, order block) rather than entering on the mark alone. The opposite end of the range is the potential target.
IMPORTANT NOTES
- Live mode is preliminary by design. Marks can appear and later disappear when the HTF candle closes outside the range. Use Confirmed mode (Live mode off) for non-repainting marks.
- Alerts fire only on confirmed setups.
- HTF candle times depend on the chart's timezone/exchange session.
DISCLAIMER
This tool is for educational and informational purposes only and is not financial advice. CRT is a discretionary concept and no setup is guaranteed. Always use proper risk management.
This indicator automatically marks the High (CRH) and Low (CRL) of a higher-timeframe "range candle" once the next HTF candle sweeps it. It does not mark every candle, only valid CRT setups.
HOW IT WORKS
1. Candle 1 (range candle): the previous HTF candle (default 4H).
2. Candle 2 (sweep candle): the following HTF candle that takes out the high OR low of Candle 1.
3. Valid CRT: Candle 2 closes back INSIDE the range of Candle 1.
- Bullish: sweeps below CRL, closes back inside. Target is CRH.
- Bearish: sweeps above CRH, closes back inside. Target is CRL.
4. If Candle 2 closes outside the range (a breakout), or sweeps both sides, the setup is invalid and the CRH/CRL marks are removed.
FEATURES
- CRH/CRL drawn wick to wick on the range candle
- Live mode: marks the range as soon as price sweeps it, and removes it if the candle closes as a breakout
- Confirmed mode: marks only after the sweep candle closes inside the range
- Alerts for confirmed bullish and bearish CRT setups
- Customizable HTF timeframe and line/label color
HOW TO USE
Set the chart to a lower timeframe than the CRT timeframe (for example 5m chart with 4H CRT). Once CRH/CRL appear, look for entry confirmation on the lower timeframe (MSS/CHoCH, FVG, order block) rather than entering on the mark alone. The opposite end of the range is the potential target.
IMPORTANT NOTES
- Live mode is preliminary by design. Marks can appear and later disappear when the HTF candle closes outside the range. Use Confirmed mode (Live mode off) for non-repainting marks.
- Alerts fire only on confirmed setups.
- HTF candle times depend on the chart's timezone/exchange session.
DISCLAIMER
This tool is for educational and informational purposes only and is not financial advice. CRT is a discretionary concept and no setup is guaranteed. Always use proper risk management.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.