CRT + Daily Bias - Milana Trades

This indicator merges Candle Range Theory (CRT) with a Daily & Weekly Bias model, offering traders a complete view of both short-term price traps and higher-timeframe market direction. It is designed to highlight potential liquidity traps, reversals, and directional bias in a structured and visually intuitive format.

🔹 1. Candle Range Theory (CRT)

The CRT module detects false breakout candles (trap candles) and plots key high/low levels to mark significant turning points.

Bullish CRT
Occurs when price makes a lower low than the previous candle but closes bullish (close > open).
→ Suggests a possible upside reversal.


Bearish CRT
Occurs when price makes a higher high than the previous candle but closes bearish (close < open).
→ Suggests a possible downside reversal.


When a CRT is detected:
Dotted lines and levels are drawn from the trap candle’s high/low.
Labels such as CRT, CRT H, and CRT L appear for easy visualization.
Previous CRT structures can auto-clear when new traps form.
Alerts trigger once a trap is confirmed on candle close.

🔹 2. Daily & Weekly Bias

The Bias module determines market direction using daily and weekly candle structure. It evaluates:

Breaks above/below previous highs and lows.
Failed breaks (false moves beyond prior levels).
Inside bars (neutral range conditions).

Bias Logic Summary:

Close Above Previous High → Bullish

Close Below Previous Low → Bearish

Failed Break Above → Bearish

Failed Break Below → Bullish

Inside Range → Neutral

Both Daily and Weekly bias values are displayed in an on-chart table for quick context.

⚠️ Note:
The bias readings are technical references, not trading signals. Always combine them with your own analysis, context, and market awareness.

🔹 3. Bias Table

A clean table (top-right by default) displays:

Timeframe (Daily / Weekly)

Current Bias (Bullish, Bearish, Neutral)

Reason for bias (breakout, failure, or inside bar)

The table is fully customizable, allowing you to adjust:

Header and text colors

Background and border styles

Display of specific timeframes (Daily / Weekly)

🔹 4. Alerts

Real-time alerts notify you when:

Bullish CRT is detected
Bearish CRT is detected

Alerts only trigger on candle close for accuracy and reduced false signals.

🔹 5. Settings

CRT Module
Length: Number of bars CRT levels extend.
Clear Broken: Automatically removes old CRT levels when new traps form.
Trap Candle Colors: Customize bullish/bearish candle highlights.
Line & Label Style: Full control of label size, color, and line styling.
Bias Module
Show Table: Toggle on/off.
Show Daily / Weekly Bias: Select which to display.
Color Customization: Set colors for bias states and table design.

🔹 6. How to Use

Watch for CRT labels forming near major or liquidity areas.
Check the Daily/Weekly Bias Table for trend confirmation.
Align CRT signals with the bias direction for higher-probability setups.
Use alerts to stay informed without constantly monitoring charts.