CandelaCharts - CRT Model

22 mar

📝 Overview

The Candle Range Theory (CRT) is a trading concept that focuses on analyzing the price movement within the range of individual candlesticks to understand market dynamics and predict future price actions.



It posits that each candlestick represents a distinct range of price action, defined by its high, low, open, and close, and that price movements are structured within these ranges.

📦 Features

• Timeframe Pairing: This indicator highlights movements on lower timeframes within higher timeframe candles, providing insights into micro trends, structural changes, and potential entry points.
  
• Bias Selection: This feature allows analysts to manage bias and identify setups, displaying bullish, bearish, or neutral models that align with higher timeframe trends.
  
• Double Purge Sweeps: A double purge is a type of sweep where the price breaks both the high and low of the previous candle (through the wicks) before closing within the range of that same candle.
  
• CRT Times: Times when high-probability CRTs occur.
  
• HTF Candles: The CRT Model is rooted in the ICT Power of Three, assisting traders in identifying key turning points and market transitions across multiple timeframes.
  
• Dashboard: Create a customizable table that displays key details such as timeframe pairing, time to next candle close, bias, and time filter settings.
  
• Any Market: Ideal for all markets - stocks, forex, crypto, futures, commodities and more - delivering consistent results and insights across diverse trading environments.
  

⚙️ Settings

Core

• Status: Filter models based on status
  
• Bias: Controls what model type will be displayed, bullish or bearish
  
• Fractal: Controls the timeframe pairing will be used
  
• Mean: Plots the equilibrium of the previous HTF candle
  
• Liquidity: Displays the liquidity levels that belongs to the model
  
• Sweep: Shows the sweep that forms a model
  
• I-sweep: Controls the visibility of invalidated sweeps
  
• D-purge: Plots the double purge sweeps
  
• CISD: Displays the Change In State of Delivery for a model
  
• Labels: Adjust the HTF candle label size
  
• C-area: Highlights the region between current candle open and previous candle equilibrium
  

History

• History: Controls the mount of past models displayed on the chart
  

Time

• 2-3-4: Filter models based on 2-3-4 AM hours
  
• 7-8-9: Filter models based on 7-8-9 AM hours
  
• 8-9-10: Filter models based on 8-9-10 AM / PM hours
  
• 1-5-9: Filter models based on 1-5-9 AM / PM hours
  
• 2-6-10: Filter models based on 2-6-10 AM / PM hours
  
• Custom: Filter models based on Custom hours
  

HTF

• Candles: Controls the number of HTF candles that will be visible on the chart
  
• Open: Highlights with a line the open price of current HTF candle
  
• Show True Day Open: Display True Day Open line
  
• Offset: Controls the distance of HTF from the current chart
  
• Space: Controls the space between HTF candles
  
• Size: Controls the size of HTF candles
  

LTF

• H/L Line: Displays on the LTF chart High and Low of each HTF candle
  
• O/C Line: Displays on the LTF chart Open and Close of each HTF candle
  

Projections

• StDev: Controls standard deviation available levels
  
• Labels: Controls the size of standard deviation levels
  
• Anchor: Controls the anchor point of standard deviation levels (wick, body)
  
• Lines: Controls the line widths and color of standard deviation levels
  

Dashboard

• Panel: Display information about current model
  

💡 Framework

The CRT Model is designed to analyze and interpret price action patterns through various components, each of which plays a critical role in identifying market trends and providing actionable insights.

The model incorporates the following timeframe alignments:

• 15s - 5m
  
• 1m - 15m
  
• 2m - 20m
  
• 3m - 30m
  
• 5m - 1H
  
• 15m - 4H
  
• 30m - 12H
  
• 1H - 1D
  
• 4H - 1W
  
• 1D - 1M
  
• 1W - 3M
  

Below are the key components that make up the model:

• Sweep
  
• D-purge
  
• CISD
  
• Mean
  
• C-area
  
• Projections
  
• Liquidity
  

The CRT Model follows a specific lifecycle, which highlights the current state of the model and determines whether a trade opportunity is valid.

The model's lifecycle includes the following statuses:

• Formation (grey)
  
• Invalidation (red)
  
• Success (green)
  

By utilizing the phases of Formation, Invalidation, and Success, traders can efficiently manage their positions, reduce risk, and take advantage of high-probability setups offered by the CRT Model.

⚡️ Showcase

Introducing CRT Model is a powerful trading tool designed to elevate your market analysis and boost your trading success. Built with precision and advanced algorithms, this indicator helps you identify key trends, potential entry and exit points, and optimize your strategy for better decision-making.

HTF Candles


C-areas


Time Filters


Unlock your full trading potential and experience the difference with CRT Model — your ultimate tool for smarter, more informed trading decisions.

🚨 Alerts

This script offers alert options for all model types. The alerts need to be setup manually from Tradingview.

Bearish Model

A bearish model alert is triggered when a model forms, signaling a high sweep and CISD.

Bullish Model

A bullish model alert is triggered when a model forms, signaling a low sweep and CISD.

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.

By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.

We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.

By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.

22 mar

Note di rilascio

CandelaCharts - CRT Model 1.0.1

• Remove Debug
  

23 mar

Note di rilascio

CandelaCharts - CRT Model 1.0.2

• Enable history filtering by CRT Time.
  
• Enhance Dashboard
  

23 mar

Note di rilascio

CandelaCharts - CRT Model 1.0.3

• Fix a visual bug
  

25 mar

Note di rilascio

CandelaCharts - CRT Model 1.0.4

• Improve detection
  

2 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.5

• Add support for dark mode
  
• Add real-time setting
  

5 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.6

• Assign a distinct label to each model (Current, History, and Realtime)
  
• Enhance and distinguish current models from real-time models.
  
• Bug fixing
  

5 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.7

• Show the invalidated sweep for the real-time model that has been invalidated.
  

9 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.8

• Fix drawing of historical means on HTF
  

17 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.9

• Fix timeframe alignment inconsistencies
  
• Introduce a new alerts feature
  
• Bug fixing
  

17 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.10

• Enhance tooltip alerts with descriptive content
  

22 apr

Note di rilascio

CandelaCharts - CRT Model 1.0.11

• Fix typos in Alerts
  

5 giorni fa

Note di rilascio

CandelaCharts - CRT Model 1.0.12

• Reorganize inputs
  
• Bug fixing