Turtle Soup Strategy Indicator to TradingView - Free - [TradingFinder]

The "Turtle Soup Strategy" indicator is designed based on the ICT trading style and is available on the TradingView platform.

This indicator points toliquidity hunting through false breakouts and failed breakouts in key liquidity zones (highs, lows, or major support and resistance levels).

Table of Turtle Soup Strategy Indicator Specifications

Below is a table that includes the specifications of the Turtle Soup Strategy indicator:

Uptrend Conditions

As seen in the 1-hour USD/JPY chart, the Market Structure Shift (MSS) occurs after liquidity hunting.

After thebreak of structure, the price immediately reverses and hits the nearest FVG in line with the trend, causing the price to move uptrend.

Downtrend Conditions

As seen in the 1-hour Dogecoin (DOGE) chart, the price triggers the Stop Loss at the highest high, reverses, and then, after a Market Structure Shift (MSS), returns to the FVG, moving downward.

Indicator Settings

The Turtle Soup Strategy indicator settings are customizable as follows:

Logical Setting

• Higher TimeFrame Levels: Select higher timeframes;
• Swing Period: Set to 50 for swing detection;
• Max Swing Back Method: Check trend swings;
• Max Swing Back: Checks previous swings, set to 100;
• FVG Length: Set to 120 for FVGs;
• MSS Length: Set to 80 for MSS.

DVG Logical Setting

• FVG Filter: Set filters for FVGs;
• Mitigation Level FVG: Set the mitigation level for FVGs.

FVG Display Setting

• Demand FVG: Display demand FVGs;
• Supply FVG: Display supply FVGs.

Display Setting

• Show All HTF LvL: Show all higher timeframe liquidity levels;
• Show High HTF LvL Name: Show high-level liquidity names in higher timeframes;
• Show Low HTF LvL Name: Show low-level liquidity names in higher timeframes;
• Show All MSS: Show all MSS;
• Show High MSS Name: Show high MSS;
• Show Low MSS Name: Show low MSS.

Conclusion

The Turtle Soup Strategy indicator combines concepts such as Market Structure Shift (MSS), Change of Character (CHoCH), and Change in State of Delivery (CSD) to create an effective tool for identifying false breakouts and entering trades.

This indicator is specifically suited for traders with liquidity-based strategies such as ICT and Smart Money (SMT).