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Turtle Soup Indicator ICT MT4

Turtle Soup Indicator ICT for MT4

The Turtle Soup Indicator for MetaTrader 4 is a well-known trading pattern within the ICT (Inner Circle Trader) methodology. It specializes in identifying false price breakouts, helping traders recognize situations where the price movement is deceptive. When market conditions align, the indicator provides an entry signal in the opposite direction of the breakout, making it highly effective for reversal trading strategies.

This tool features a straightforward visual design, categorizing false breakouts as either Internal or External. Moreover, newly formed highs are labeled as "HH" and lows as "LL," with green lines connecting these key points. These green lines act similarly to a ZigZag pattern, assisting in trend visualization.

«Indicator Installation & User Guide»

MT5 Indicator Installation | Turtle Soup Indicator ICT MT5 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Money Management: Easy Trade Manager MT5


Indicator Specifications Table

Category

ICT - Predictive Signal - Liquidity

Platform

MetaTrader 4

Skill Level

Intermediate

Indicator Type

Reversal - Range

Timeframe

Multi-timeframe

Trading Style

Scalping - Day Trading - Swing Trading

Market

Cryptocurrency - Forex - Commodities - Stocks

 

Key Features of the Indicator

Within the ICT approach, fake breakout setups hold significant value. The Turtle Soup indicator pinpoints key levels where traders commonly set stop losses, labeling these as Liquidity Hunt Zones. When a liquidity hunt occurs, the indicator marks these areas with a green arrow, providing traders with actionable signals. Since it functions across multiple asset classes, it is applicable to forex, stocks, cryptocurrencies, and commodities.

Turtle Soup Indicator in an Uptrend

Based on the USD/CAD 1-hour chart, the price has fallen below a critical support zone. The Turtle Soup indicator detects this false breakout and signals a buy opportunity with a green arrow. If the price rebounds and surpasses the support level, it confirms that the breakdown was deceptive, indicating a strong possibility of a price reversal to the upside.

Turtle Soup Indicator in a Downtrend

On the Binance Coin 4-hour chart, the price has moved beyond a key resistance level. The Turtle Soup pattern identifies this invalid breakout and generates a sell signal, indicated by a green arrow.


Indicator Settings

  • Theme – Adjust visual preferences on the chart.
  • Minor Trend Calculation Type (ZigZag - Candle Close) – Choose the method for minor trend calculations.
  • Show Minor Trend ZigZag – Toggle the display of the minor trend ZigZag.
  • Show Major Trend ZigZag – Toggle the display of the major trend ZigZag.
  • Show External Signal – Enable or disable external trade signals.


Conclusion

The Turtle Soup Indicator for MT4 is designed to detect two distinct types of fake breakouts: internal and external. As one of the essential ICT trading patterns, it helps traders minimize losses by highlighting liquidity hunt areas and signaling trade entry opportunities. This versatile tool is widely used across forex, stocks, cryptocurrencies, and commodities, making it an invaluable addition to any trader’s toolkit.


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Market Structure Break Out
Ashkan Hazegh Nikrou
5 (3)
Detect Indirection Break Out Signal with high success rate. Introduction to Market Structure Break Out (MSB) , this indicator is an advanced tool designed for both MT4 and MT5 platforms , helping traders view market movement through the lens of price structure. It identifies and highlights key trading signals using arrows and alerts, both in the direction of the trend and against it (reversal signals). One of its standout features is the ability to draw unbroken supply and demand zones , giving
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