OPEN-SOURCE SCRIPT
Updated Ighodalo Gold - CRT (Candles are ranges theory)
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 lookback 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 signal a reversal. According to the theory’s originator, @Romeotpt, 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.
The theory suggests that, on the journey to the opposite side of the range, price often provides multiple “turtle soup” entry opportunities.
How to Use This Indicator
This indicator is flexible and can be adapted to your trading style. Key settings include:
Max Lookback Period: The number of past candles ("n") the indicator checks to identify a CRT.
CRT Timeframe: Example: 1H. The indicator will look at the higher timeframe you select and plot the most recent CRT range from that timeframe onto your current chart. Useful for multi-timeframe analysis, though it may not show deep historical ranges.
Enable Overlapping CRTs:
False (unchecked): Shows only one active CRT range at a time. A new one won’t appear until the current range is broken.
True (checked): Continuously 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.
- Full credit for the Candles Are Ranges Theory (CRT) goes to its creator, @Romeotpt
on X.
“On the journey to the CRT high, they will be very generous with giving turtle soup entry opportunities along the way. Follow their footprints.” – @Romeotpt, September 2025
A CRT candle is a single candle that has both the highest high AND the lowest low over a user-defined lookback 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 signal a reversal. According to the theory’s originator, @Romeotpt, 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.
The theory suggests that, on the journey to the opposite side of the range, price often provides multiple “turtle soup” entry opportunities.
How to Use This Indicator
This indicator is flexible and can be adapted to your trading style. Key settings include:
Max Lookback Period: The number of past candles ("n") the indicator checks to identify a CRT.
CRT Timeframe: Example: 1H. The indicator will look at the higher timeframe you select and plot the most recent CRT range from that timeframe onto your current chart. Useful for multi-timeframe analysis, though it may not show deep historical ranges.
Enable Overlapping CRTs:
False (unchecked): Shows only one active CRT range at a time. A new one won’t appear until the current range is broken.
True (checked): Continuously 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.
- Full credit for the Candles Are Ranges Theory (CRT) goes to its creator, @Romeotpt
on X.
“On the journey to the CRT high, they will be very generous with giving turtle soup entry opportunities along the way. Follow their footprints.” – @Romeotpt, September 2025
Release Notes
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 lookback 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 signal a reversal. According to the theory’s originator, @Romeotpt, 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.
The theory suggests that, on the journey to the opposite side of the range, price often provides multiple “turtle soup” entry opportunities.
How to Use This Indicator
This indicator is flexible and can be adapted to your trading style. Key settings include:
Max Lookback Period: The number of past candles ("n") the indicator checks to identify a CRT.
CRT Timeframe: Example: 1H. The indicator will look at the higher timeframe you select and plot the most recent CRT range from that timeframe onto your current chart. Useful for multi-timeframe analysis, though it may not show deep historical ranges.
Enable Overlapping CRTs:
False (unchecked): Shows only one active CRT range at a time. A new one won’t appear until the current range is broken.
True (checked): Continuously 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.
- Full credit for the Candles Are Ranges Theory (CRT) goes to its creator, @Romeotpt
on X.
“On the journey to the CRT high, they will be very generous with giving turtle soup entry opportunities along the way. Follow their footprints.” – @Romeotpt, September 2025
Updates:
1. Fixed bug with enabling overlapping CRTs
Release Notes
Updates:2. Fixed a startup issue in the CRT script where it tried to process empty data lists too early. Added simple checks to skip invalid data, ensuring smooth runs from bar 1 without crashes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.