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

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Turtle Soup Indicator in ICT Style for MetaTrader 5 Download - Free
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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 MT5 liquidity indicator 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

Indicator Categories:
Signal & Forecast MT5 Indicators
Liquidity Indicators MT5 Indicators
ICT MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Advanced
Indicator Types:
Range MT5 Indicators
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Scalper MT5 Indicators
Day Trading MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators
Commodity MT5 Indicators
Indices MT5 Indicators
Share Stock MT5 Indicators

Turtle Soup Indicator at a Glance

In ICT trading, identifying false breakout patterns is of great importance. This indicator focuses on zones where traders place their stop losses and identifies liquidity hunt areas.

Turtle Soup highlights these high potential areas as entry signals with a green arrow. It has been confirmed that this indicator can be used in all financial markets, including cryptocurrencies, forex, and stocks.

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.

Buy signal
Buy signal issued by the Turtle Soup Indicator

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.

Sell signal
Sell signal issued by the Turtle Soup Indicator

Indicator Settings

Indicator settings
Turtle Soup 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.

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FAQs

When is a trade entry signal issued?

Whenever the price falsely breaks a zone, this indicator identifies such areas and issues an entry signal if favorable conditions exist.

Is the Turtle Soup Indicator available for free?

Yes, traders can download the Turtle Soup Indicator from the Trading Finder website for free.

1Comment
Hafiz

What is the certificate password when Installing in Mt5?

TF Assistant  avatar
TF Assistant

i think that you did it wrong. please check the video and do same