The Greatest CRT Indicator Ever Built (Candle Range Theory) — Transcript

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1. 0:00Candle range theory is one of the most
2. 0:01powerful setups in the entire market.
3. 0:03I'm going to show you guys exactly how
4. 0:04to use it from beginning to end. Over
5. 0:06here, all you want to do is you want to
6. 0:07mark out the high and the low of any
7. 0:09candle on the 1-hour time frame. Now,
8. 0:10the next thing you want to see is you
9. 0:11want to see price come and take out
10. 0:13either one of those levels and reverse
11. 0:15right back down. So, when that happens,
12. 0:16we know that price wants to move to the
13. 0:17opposite end of the candle where the
14. 0:19rest of the liquidity is sitting. So, in
15. 0:20this situation, we know that the market
16. 0:22is very, very strongly drawn to this low
17. 0:23right here. So, what I'm going to do is
18. 0:25I'm going to go down to the lower time
19. 0:26frame and look for an entry model to
20. 0:27take a trade. So, here we are on the
21. 0:293-minute time frame and right away I can
22. 0:31see a very clear liquidity sweep fair
23. 0:33value gap setup. So, we'll go ahead and
24. 0:34take our entry on this candle right here
25. 0:35with a stop loss right above the fair
26. 0:37value gap. And we're going to look to
27. 0:38target that CRT low as our exit on this
28. 0:40trade. So, this right here is an A+
29. 0:42setup, so let's play it out and see
30. 0:43exactly what happens. So, just by
31. 0:44combining those two things together, we
32. 0:46get a very clean move down to our target
33. 0:48for a trade that we can find very
34. 0:49consistent.
35. 0:50>> Let's see how easy it is for us to build
36. 0:51this into an indicator that will
37. 0:53automatically find these setups and give
38. 0:55us alerts when they're ready to be
39. 0:56traded. Well, the way that you can
40. 0:58convert any strategy into an indicator
41. 1:00is by using Quant from Lux Algo, and you
42. 1:02can get that at luxalgo.com/quant.
43. 1:05This is by far the best AI to develop
44. 1:07trading tools, that's specifically what
45. 1:09it was built for. So, all we need to do
46. 1:11is describe the indicator that we want
47. 1:13built, and Quant will go off and have
48. 1:14that built for us.
49. 1:16So, I just went ahead and provided all
50. 1:17the details of what the indicator should
51. 1:19do. It should be drawing at higher time
52. 1:21[music] frame candles and a support and
53. 1:23resistance based on that candle, so we
54. 1:24can see when there's some form of
55. 1:26manipulation. If we click chart right
56. 1:29here, the cool thing about Quant is you
57. 1:30can actually preview what you're
58. 1:31building natively here on the platform.
59. 1:34But, if you want to bring it over to
60. 1:36TradingView, we can just click here,
61. 1:37copy, then head over to TradingView, in
62. 1:40the Pine Editor create a new indicator,
63. 1:42>> [music]
64. 1:43>> paste this code, and then add it to our
65. 1:44chart. And now you can see that we have
66. 1:46that higher time frame [music] candle
67. 1:47being plotted. So, we're off to a really
68. 1:49good start here. So, let's just go ahead
69. 1:51and add all of the other features into
70. 1:52this indicator. Here is what it now
71. 1:54looks like in TradingView. We have our
72. 1:56previous day's [music] candle. Here we
73. 1:57can see that price spiked out, but
74. 1:59closed back inside, so that's marked as
75. 2:01a manipulation. We then have it
76. 2:03currently set [music] to an FVG entry
77. 2:06type. So, right here where we had an FVG
78. 2:09detected, we then had an entry, and we
79. 2:11target the other side of the range with
80. 2:13stop loss placed above that
81. 2:14manipulation.
82. 2:15>> [music]
83. 2:15>> And if you want alerts, you can go ahead
84. 2:17and add alerts for the manipulation or
85. 2:20the bearish or bullish setup. If you
86. 2:21[music] want access to this indicator,
87. 2:23go ahead and comment the word
88. 2:24manipulation and I'll send you a link.