Candle Range Theory Hawkeye Capital

kelmarin

Candle Range Theory (CRT) – Hawkeye Capital

OVERVIEW
CRT looks for “liquidity sweep and rejection” candles. A bullish CRT forms when price dips below the previous candle’s low and closes back inside the range; a bearish CRT forms when price spikes above the previous high and closes back inside. The script draws the Candle-Range-High (CRH), Candle-Range-Low (CRL) and an optional shaded box between them. Only one active CRT is kept on-screen; when price reaches CRH or CRL the pattern is closed and a new one is awaited.

KEY FEATURES

• Bullish and bearish CRT detection with arrow signals (▲ / ▼).
  
• Optional range box, CRH line (resistance) and CRL line (support).
  
• ATR multiplier to ignore small candles.
  
• Higher-Time-Frame (HTF) mode: analyse D1, H4, etc., while trading on a lower chart.
  
• Colour controls for bullish, bearish and box fill.
  
• Six optional filters to improve quality: body-position, reference-candle size, wick-to-ATR, volume confirmation, recent-test lockout, session filter.
  
• Non-repainting: signals confirm on bar close.
  

USER INPUTS

• Display – toggle box, CRH, CRL; set ATR filter.
  
• Colours – pick bullish, bearish and box colours.
  
• Higher Timeframe – enable HTF model and choose the higher period.
  
• Advanced Filters – thresholds for body position, reference candle size, volume, recent tests, time window.
  

TRADING LOGIC

• Bullish entry: arrow ▲ appears. Target = CRH, stop = close below CRL.
  
• Bearish entry: arrow ▼ appears. Target = CRL, stop = close above CRH.
  
• Script auto-extends lines and box until either target or stop is hit.
  

ALERTS

• “Bullish CRT Pattern Detected – Target: CRH, Stop: CRL”
  
• “Bearish CRT Pattern Detected – Target: CRL, Stop: CRH”
  
• Set them to “Once Per Bar Close” for clean notifications.
  

BEST PRACTICES
Use an ATR filter of 1.0–1.5 to cut noise.
Pair a lower chart with an HTF one or two steps higher (e.g., 5 m chart with 1 h CRT).
Risk 1-2 % per trade; always place stops at the invalidation level.

DISCLAIMER
This script is a technical-analysis aid, not financial advice. Test it thoroughly and manage risk before trading live.

kelmarin

Nota Keluaran

Update flow

kelmarin

Nota Keluaran

Add Any CRT Signal Alert