Ighodalo Gold - CRT (Candles are ranges theory)

This indicator is designed to automatically identify and display CRT (Candles are Ranges Theory) Candles on your chart. It draws the high and low of the identified range and extends them until price breaks out, providing clear levels of support and resistance.

The Candles are Ranges Theory (CRT) concept was originally developed and shared by a trader named Romeotpt (Raid). All credit for the trading methodology goes to him. This indicator simply makes spotting these specific candles easier.

What is a CRT Candle & How Is It Used?

A CRT candle is a single candle that has both the highest high AND the lowest low over a user-defined period. It is identified by analysing a block of recent candles and finding the one candle that contains the entire price range of that block.

Once a CRT candle is formed, its high and low act as an accumulation range.

A break above or below this range is the manipulation phase.

A reclaim of the range (price closing back inside) signifies a potential distribution phase.

On higher timeframes, this sequence can be interpreted as:

Candle 1: Accumulation

Candle 2: Manipulation

Candle 3: Distribution

Reversal (Turtle Soup):

A sweep of the high or low, followed by a quick reclaim (price closing back inside the range), can signify a reversal. According to the theory’s originator, Romeo, this reversal pattern is called “turtle soup.”

After a bearish reversal at the high, the target becomes the CRT low.

After a bullish reversal at the low, the target becomes the CRT high.

How to Use This Indicator

The indicator is flexible and can be adapted to your trading style. The most important settings are:

Max Lookback Period: Number of past candles ("n") the indicator checks within to find a CRT.

CRT Timeframe:

Select a timeframe (e.g., 1H): The indicator will look at the higher timeframe you selected and plot the most recent CRT range from that timeframe onto your current chart. This is useful for multi-timeframe analysis.

Enable Overlapping CRTs:

False (unchecked): Shows only one active CRT range at a time. The indicator won’t look for a new one until the current range is broken.

True (checked): Constantly searches for and displays all CRT ranges it finds, allowing multiple ranges to appear on the chart simultaneously.

Disclaimer & Notes

-This is a visualisation tool and not a standalone trading signal. Always use it alongside your own analysis and risk management strategy.

-All credit for the "Candles are Ranges Theory" (CRT) concept goes to its creator, Romeotpt (Raid).

"On the journey to the opposite side of the range, price often provides multiple turtle soup entry opportunities. Follow their footprints." — Raid, 2025