PROTECTED SOURCE SCRIPT
Twlv's CRT Indicator
How It Works
The CRT Indicator operates by analyzing the size, structure, and relationship of candlesticks to uncover market dynamics. It follows the A-M-D (Accumulation-Manipulation-Distribution) framework:
Accumulation: Detects consolidation phases where price forms a range (often with inside bars).
Manipulation: Identifies false breakouts or “turtle soup” setups, where price sweeps a high/low but closes within the prior candle’s range.
Distribution: Signals the true market move, such as breakouts or reversals, confirmed by price action.
For example:
Bullish CRT Pattern: A bearish candle is followed by a candle that sweeps the low but closes higher within the first candle’s range, plotted with a green triangle to indicate a potential buy signal.
Bearish CRT Pattern: A bullish candle is followed by a candle that sweeps the high but closes lower within the first candle’s range, marked with a red triangle for a potential sell signal.
The indicator also supports customizable settings, such as timeframe selection, line styles, and alert conditions, to suit individual trading strategies.
The CRT Indicator operates by analyzing the size, structure, and relationship of candlesticks to uncover market dynamics. It follows the A-M-D (Accumulation-Manipulation-Distribution) framework:
Accumulation: Detects consolidation phases where price forms a range (often with inside bars).
Manipulation: Identifies false breakouts or “turtle soup” setups, where price sweeps a high/low but closes within the prior candle’s range.
Distribution: Signals the true market move, such as breakouts or reversals, confirmed by price action.
For example:
Bullish CRT Pattern: A bearish candle is followed by a candle that sweeps the low but closes higher within the first candle’s range, plotted with a green triangle to indicate a potential buy signal.
Bearish CRT Pattern: A bullish candle is followed by a candle that sweeps the high but closes lower within the first candle’s range, marked with a red triangle for a potential sell signal.
The indicator also supports customizable settings, such as timeframe selection, line styles, and alert conditions, to suit individual trading strategies.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
lock in, study
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarle liberamente e senza alcuna limitazione – ulteriori informazioni qui.
lock in, study
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.