Turtle Soup Strategy Indicator for TradingView – Free [TFlab]

The Turtle Soup Strategy Indicator is a sophisticated TradingView tool built upon the ICT (Inner Circle Trader) methodology. It is specifically designed to identify liquidity hunts through false breakouts and failed breakouts within key liquidity zones, including swing highs, swing lows, and major support and resistance levels.


You can access the Indicator from this link:

https://tradingfinder.com/products/i...soup-strategy/

You can access the Indicator on the TradingView website:

https://www.tradingview.com/script/L...FVG-CHoCH-CSD/




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Key Features of the Turtle Soup Strategy Indicator

1. Detects false breakout patterns indicative of liquidity hunting.
2. Highlights critical liquidity zones such as major highs, lows, and essential support/resistance levels.
3. Applies principles derived from Smart Money Concepts (SMC) and ICT methodologies.
4. Supports multi-timeframe analysis for enhanced trading accuracy.
5. Suitable for a wide range of assets including Forex, cryptocurrencies, stocks, and commodities.
6. Tailored for advanced traders employing reversal and intraday trading strategies.

Indicator Functionality and Market Behavior

The Turtle Soup Strategy operates on the principle that price movements through liquidity zones trigger stop-loss orders, often leading to rapid price reversals. These reversals are typically confirmed by one of the following market structures:

1. Market Structure Shift (MSS)
2. Change of Character (CHoCH)
3. Change in State of Delivery (CSD)

Uptrend Scenario

In an uptrend, as shown on the 1-hour USD/JPY chart:

1. Liquidity hunting triggers a Market Structure Shift (MSS).
2. Following the structural break, price reverses sharply toward the nearest Fair Value Gap (FVG), supporting the continuation of upward momentum.

Downtrend Scenario

In a downtrend, exemplified by the 1-hour Dogecoin (DOGE) chart:

1. Price triggers stop-loss orders at the recent high.
2. After an MSS, price retraces to an FVG zone before continuing the bearish trend.

Customizable Indicator Settings

The Turtle Soup Strategy Indicator offers multiple parameters for traders to tailor its functionality:

Logical Settings:

1. Higher timeframe level selection for liquidity identification.
2. Default swing period: 50.
3. Maximum swing back method enabled for trend swing confirmation.
4. Maximum swing back length: 100.
5. FVG length: 120 bars.
6. MSS length: 80 bars.

FVG Logical Settings:

1. Filters for selecting specific FVG types.
2. Adjustment of mitigation levels for FVG zones.

FVG Display Settings:

1. Option to display demand and supply Fair Value Gaps.

Display Options:

1. Show all higher timeframe liquidity levels.
2. Label high and low liquidity levels on higher timeframes.
3. Display all MSS points with high and low labels.

Conclusion

The Turtle Soup Strategy Indicator integrates advanced market concepts such as Market Structure Shift (MSS), Change of Character (CHoCH), and Change in State of Delivery (CSD) to provide a reliable system for detecting false breakouts and trading based on liquidity hunting.
This TradingView ICT indicator is ideal for traders using liquidity-based strategies, including ICT and Smart Money Trading (SMT), empowering them to exploit market inefficiencies with precision.