Turtle Soup Indicator in ICT Style for MetaTrader 4 Download - Free - [TFlab]

The Turtle Soup Indicator for MetaTrader 4 is one of the trading patterns used in the ICT style. This indicator can detect fake price breakouts (Fake Breakouts), and if the price conditions are suitable, it provides a signal to enter a trade in the opposite direction of the trend.

Therefore, Turtle Soup is ideal for reversal trades. This MT4 liquidity indicator is simple in appearance and divides fake breakouts into Internal and External categories.

Additionally, new highs are labeled with "HH" and new lows with "LL." Green lines are drawn by connecting these highs and lows. These green lines function similarly to a ZigZag pattern.

Indicator Specifications Table

Turtle Soup Indicator at a Glance

In the ICT trading style, fake breakout patterns are of great importance. This indicator identifies zones where traders place Stop losses and refers to these zones as Liquidity Hunt Areas.

The Turtle Soup indicator introduces these liquidity hunt areas with a green arrow to traders as a signal. This indicator suits all trading markets, including cryptocurrency, forex, and stocks.

Turtle Soup Indicator in an Uptrend

According to the price chart of USD/CAD in the 1-hour, the price has broken below the support level. Turtle Soup identifies this breakout and signals a buy trade with a green arrow.

If the price rises above the support level, it indicates an opportunity to enter a long position, as the breakout is fake, and the price is likely to reverse upward.

Turtle Soup Indicator in a Downtrend

According to the price chart of Binance Coin in the 4-hour timeframe, the price has broken above the resistance level. The Turtle Soup pattern detects this breakout and signals a sell trade with a green arrow.

Indicator Settings

• Theme: Chart display settings;
• Minor Trend Calculation Type (ZigZag - Candle Close): Type of minor trend calculation based on candle close;
• Show Minor Trend ZigZag: Display the minor trend ZigZag;
• Show Major Trend ZigZag: Display the major trend ZigZag;
• Show External Signal: Display external signal.

Conclusion

The Turtle Soup Indicator for MetaTrader 4 identifies two types of fake breakouts: internal and external. Turtle Soup is one of the important patterns in the ICT trading style.

This MT4 ICT indicator helps traders avoid losses by displaying fake breakouts and marking liquidity hunt areas for trade entry signals.  It is used in cryptocurrency, forex, stocks, and commodities markets.