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Turtle Soup Indicator ICT MT5

Turtle Soup Indicator ICT for MT5

The Turtle Soup Indicator for MetaTrader 5 is a specialized tool aligned with the "ICT" trading methodology. This indicator is designed to detect false breakouts (Fake Breakouts) and identify potential counter-trend trading setups when conditions are favorable. As a result, it is highly optimized for reversal trading strategies.

The indicator simplifies false breakout identification by categorizing them into internal and external classifications. Moreover, newly formed highs and lows are marked as "HH" (Higher Highs) and "LL" (Lower Lows). These levels are then connected with green lines, forming a ZigZag pattern to visualize price movement more effectively.

«Indicator Installation & User Guide»

MT5 Indicator Installation | Turtle Soup Indicator ICT MT4 | 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 - Liquidity - Signal & Forecasting

Platform

MetaTrader 5

Skill Level

Advanced

Indicator Type

Reversal - Range

Timeframe

Multi-timeframe

Trading Style

Scalping - Day Trading

Market

All Markets


Overview of the Indicator

Within the ICT trading framework, spotting false breakouts is crucial. This indicator identifies key liquidity zones where stop losses are frequently positioned. By marking these liquidity traps, the Turtle Soup Indicator signals potential trade entries using a green arrow. This tool is applicable across all financial markets, including forex, cryptocurrencies, and stocks.

Using the Turtle Soup Indicator in an Uptrend

On a 1-hour price chart of Chainlink, the price initially dips below a support level. The indicator detects this movement as a false breakout and signals a potential buy opportunity with a green arrow. A sharp recovery above the support confirms the price rebound, making it a strong buy setup.

Using the Turtle Soup Indicator in a Downtrend

For the EUR/USD 30-minute chart, the price temporarily moves above a resistance level. The Turtle Soup algorithm identifies this as a false breakout and marks it with a green arrow, indicating a sell opportunity for traders looking to enter short positions.


Indicator Settings

  • Theme: Customizable display settings
  • Minor Trend Calculation Type (ZigZag - Candle Close): Determines minor trend based on candle close
  • Show Minor Trend ZigZag: Toggle display for minor trend
  • Show Major Trend ZigZag: Toggle display for major trend
  • Show Internal Signal: Enables internal breakout detection
  • Show External Signal: Enables external breakout detection


Summary

The Turtle Soup Indicator for MT5 is a powerful tool for identifying both internal and external false breakouts. As a core element of the ICT trading strategy, it effectively pinpoints liquidity hunt zones and helps traders avoid unnecessary losses by providing clear entry signals. Its ability to work across various asset classes makes it a versatile addition to any trader’s toolkit.


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Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confirm potential trades.
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