CRT Indicator

CRT Indicator, designed to help you spot high-probability reversal setups in the markets. This indicator is built to catch those sneaky "trap" patterns where the market lures traders in before reversing, and it’s now smarter with multi-timeframe trend filtering to keep you trading in the direction of the bigger picture.


The CRT Indicator identifies two key patterns:

• Bullish CRT (CRT LOW): A bearish candle followed by a bullish candle that dips below the first candle’s low but closes within its range. This often signals a buying opportunity on pullbacks in an uptrend.
  
• Bearish CRT (CRT HIGH): A bullish candle followed by a bearish candle that pushes above the first candle’s high but closes within its range. This can indicate a selling opportunity on rallies in a downtrend.
  

• To make sure you’re getting the best setups, I’ve added filters:

*The first candle needs a strong body (bigger than the 14-period ATR).
*The second candle’s body is smaller, showing weakening momentum.
*Higher volume on the second candle, hinting at a potential trap.


The game-changer? It only shows patterns that align with the trend on a higher timeframe (default: Daily, 200-period EMA). So, if the daily chart is in an uptrend, you’ll only see Bullish CRTs on your H1 or H4 chart for pullbacks. If the daily’s in a downtrend, only Bearish CRTs pop up for rallies. You can tweak the higher timeframe and moving average settings to match your trading style—works great for scalpers on lower timeframes too!