Turtle Soup Indicator in ICT Style for MetaTrader 5 Download - Free

The Turtle Soup Indicator in MetaTrader 5 is one of the practical tools used in the "ICT" trading style.

This specialized tool focuses on false price breakouts (Fake Breakouts) and, when conditions are favorable, identifies trading opportunities against the trend.

Therefore, Turtle Soup is optimized for reversal trading. This indicator's simple design classifies false breakouts into internal and external categories.

Additionally, new highs are labeled "HH" and new lows "LL". Connecting these points with green lines creates a ZigZag pattern.

Indicator Specifications Table

Turtle Soup Indicator in an Uptrend

In the 1-hour price chart of Chainlink, the price breaks below the support level. The indicator detects this breakout and issues a buy signal using a green arrow.

If the price quickly rises above the support level, it creates a buying opportunity, as this false breakout increases the probability of a price rebound upwards.

Turtle Soup Indicator in a Downtrend

The price breaks above the resistance level in the 30-minute price chart of EUR/USD.

The Turtle Soup algorithm detects this false breakout and issues a sell signal with a green arrow, indicating an opportunity to enter a short trade.

Indicator Settings

• Theme: Display settings;
• Minor Trend Calculation Type (ZigZag - Candle Close): Calculation method for minor trend, based on candle close;
• Show Minor Trend ZigZag: Display minor trend ZigZag;
• Show Major Trend ZigZag: Display major trend ZigZag;
• Show Internal Signal: Display internal signal;
• Show External Signal: Display external signal.

Conclusion

The Turtle Soup Indicator for MetaTrader 5, with its ability to detect internal and external false breakouts, is one of the critical patterns in the "ICT" trading style.

This tool accurately identifies false breakouts and helps protect traders from losses by highlighting liquidity hunt areas as trade entry points.