CRT Model Range with Equilibrium

The CRT Model Range with Equilibrium indicator identifies and displays the high, low, and equilibrium levels within a specific session range to help traders visualize Candle Range Theory setups.

Usage

The tool is primarily used to identify price action behavior relative to a defined range. Traders can use the equilibrium (50%) level as a pivot point or a target for mean reversion within the session's bounds. The High and Low lines act as key support and resistance levels where potential breakouts or manipulations (Turtle Soups) may occur.

Examples of usage include:

• Breakout Trading: Monitoring price action as it breaks above the "CRT High" or below the "CRT Low".
• Mean Reversion: Using the Equilibrium (EQ) line as a point of interest for price to return to after a manipulation leg.
• Session Analysis: Identifying the initial range during the first hour of the session to set the tone for the remainder of the trading day.

Details

Candle Range Theory (CRT) suggests that every candle or group of candles forms a range consisting of three main phases: Accumulation, Manipulation, and Distribution (AMD).

• Accumulation (A): Price consolidates within the range.
• Manipulation (M): Price makes a false move outside the range to trap liquidity.
• Distribution (D): Price moves aggressively in the true direction, often breaking the range high or low.

This script specifically captures the high and low of a pre-defined window (typically 9:00 AM to 10:00 AM NY time) and projects these levels forward until the session close. The Equilibrium level is calculated as the mathematical midpoint: (High + Low) / 2.

Settings

• High Line Color/Width/Style: Customizes the visual appearance of the upper range boundary.
• Low Line Color/Width/Style: Customizes the visual appearance of the lower range boundary.
• Equilibrium Line Color/Width/Style: Customizes the visual appearance of the midpoint (EQ) line.
• Label Size: Adjusts the text size for "CRT High", "CRT Low", and "EQ" labels.
• Equilibrium Label Offset: Allows the user to shift the EQ label horizontally for better chart clarity.

FAQ

How do I access CRT Model Range with Equilibrium?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What time zone does the indicator use?

The indicator is configured to reference specific session hours based on the internal script timestamps; users should ensure their chart time zone aligns with the intended session logic.

Can I set alerts for range breakouts?

Yes, the script includes built-in alert conditions for price crossing above the high, below the low, or crossing the equilibrium level.