CRT Indicator by @crypto.erke with Alerts

The CRT Indicator is a precision tool that highlights potential reversal and breakout points by analyzing unique candlestick range dynamics. Unlike conventional pattern detectors, CRT does not rely on named formations like pin bars or engulfing candles. Instead, it uses a rule-based calculation to detect price imbalance and potential exhaustion.

Core Logic
This indicator evaluates:

• Candle body-to-range ratios to measure strength or weakness.
  
• Wick imbalances to detect exhaustion on either side of price.
  
• Range expansion relative to recent volatility to filter out noise.
  
• Contextual directionality, comparing momentum candles against previous price structure to validate breakout or trap behavior.
  

Once specific thresholds are met, a signal is displayed:

• Green triangle below candle = possible bullish reversal zone.
  
• Red triangle above candle = possible bearish reversal zone.
  
• Key levels such as CRT HIGH and CRT LOW are drawn to mark important inflection zones.
  

Alerts
Built-in alerts notify traders in real-time when a valid CRT pattern is detected, allowing for quick reactions to potential setups.

Practical Use Cases

• Ideal for reversal traders, range scalpers, and early trend participants.
  
• Works well on 5m to 4H charts, across crypto, forex, and indices.
  
• Use CRT HIGH/LOW zones as dynamic S/R levels or re-entry points.
  
• Best when combined with filters such as RSI divergence, volume spikes, or trend-following tools.
  

How to Use

1. Add the indicator to your chart.
   
2. Configure sensitivity and filters from the settings panel.
   
3. Enable alerts to be notified when high-probability CRT patterns form.
   
4. Use key levels to support entry, exit, or invalidation planning.
   

Disclaimer
This tool is for educational purposes only. It does not constitute financial advice. Always combine with risk management and your own analysis.