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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.