CRT |TG|

CRT |TG| - Central Range Theory Breakout Indicator

Hello Traders!
This indicator is built on the Central Range Theory (CRT) concept. It tracks the high/low levels from previous periods in volatile markets (Forex, Crypto, Stocks) and generates "sweep" signals when price breaks these levels (breakout). It's compatible with ICT (Inner Circle Trader) strategies and helps identify reversal or continuation setups.
Thanks to the original development team—we've just added timezone flexibility and user-friendly settings!

Key Features

Period Detection: Calculates period starts based on your selected timeframe (1 Hour or 4 Hour). At the start of each new period, it draws horizontal lines for the previous period's highest (CRH) and lowest (CRL) levels.
Breakout Detection: When price closes above CRH (upward breakout) or below CRL (downward breakout), it draws new levels based on the current bar's high/low ("15m H/L" labels).

Additionally, it adds a "Sweep" label on the breakout bar—to highlight liquidity sweeps (ideal for filtering false breakouts).

Visual Cleanliness: Lines extend rightward (30 bars ahead), labels are tiny, and the deletion mechanism keeps the chart uncluttered.
Timezone Support: Added popular named timezones for global users (DST handled automatically). Default is UTC—independent of your broker's time.


Usage Tips

Strategy Integration: Treat CRH/CRL as support/resistance. Use 15m H/L post-breakout for trailing stops. Filter with volume or RSI (add other indicators).
Test It: Backtest across timezones. High volatility in crypto (BTCUSDT) yields more signals; quieter forex hours reduce false ones.
Disclaimer: This indicator is for educational purposes. Always use risk management in live trading—past performance doesn't guarantee future results.