An Indicator based on Candle Range High(CRH) and Candle Range Low

CRT Indicator

Buy conditions

1.       Price must trade below previous candle’s low but must close within the price range of the previous candle’ high and low.

When this condition is met indicator must send an alert “Bullish CRT on D1” or “Bullish CRT on H4” or “Bullish CRT on H1” if indicator is applied on H1 or H4 or D1 respectively”

Indicator must draw a line on the High and low of the previous candle to show CRH = RED colour and the CRL = Green colour.

Indicator must show the 50% of Candle Range High (CRH) and Candle Range low (CRL) -------------

2.       Inside Bar CRT: there can be multiple candles within the range. Price must give an alert when CRH or CRL is taken after multiple candles within the range. “Inside bar CRT Low Taken”

Sell conditions

1.       Price must trade above previous candle’s high but must close within the price range of the previous candle’ high and low.

When this condition is met indicator must send an alert “Bearish CRT on D1” or “Bearish CRT on H4” or “Bearish CRT on H1” if indicator is applied on H1 or H4 or D1 respectively”

Indicator must draw a line on the High and low of the previous candle to show CRH = RED colour and the CRL = Green colour.

Indicator must show the 50% of Candle Range High (CRH) and Candle Range low (CRL) -------------

2.       Inside Bar CRT: there can be multiple candles within the range. Price must give an alert when CRH or CRL is taken after multiple candles within the range. “Inside bar CRT High Taken”

TIME:     Indicator must draw a line on the charts to correspond with 3am, 9am and 10am (New York time) converted into London or UK time. Or Time markers on the indicator to remain as a variable.