Twlv's CRT Indicator

How It Works
The CRT Indicator operates by analyzing the size, structure, and relationship of candlesticks to uncover market dynamics. It follows the A-M-D (Accumulation-Manipulation-Distribution) framework:
Accumulation: Detects consolidation phases where price forms a range (often with inside bars).

Manipulation: Identifies false breakouts or “turtle soup” setups, where price sweeps a high/low but closes within the prior candle’s range.

Distribution: Signals the true market move, such as breakouts or reversals, confirmed by price action.

For example:
Bullish CRT Pattern: A bearish candle is followed by a candle that sweeps the low but closes higher within the first candle’s range, plotted with a green triangle to indicate a potential buy signal.

Bearish CRT Pattern: A bullish candle is followed by a candle that sweeps the high but closes lower within the first candle’s range, marked with a red triangle for a potential sell signal.

The indicator also supports customizable settings, such as timeframe selection, line styles, and alert conditions, to suit individual trading strategies.