ICT Style Turtle Soup Indicator Download for MetaTrader 4 - Free - [TFlab]

The Turtle Soup indicator is one of the trading modes used in MetaTrader 4 ICT style . This indicator can detect false price breakouts (false breakouts) and, if the price conditions are right, it will provide a signal to enter a trade in the opposite direction of the trend.

Therefore, Turtle Soup is very suitable for reversal trades . This MT4 liquidity indicator has a simple appearance and divides false breakouts into Internal and External categories.

Additionally, new highs are marked with "HH" and new lows are marked with "LL." Draw a green line connecting these highs and lows. These green lines function similarly to the ZigZag pattern.

Indicator specification table

List of turtle soup indicators

In the ICT trading method, false breakthrough patterns are very important. This indicator identifies areas where traders place stops and calls these areas liquidity-seeking areas .

The Turtle Soup indicator introduces these liquidity hunt areas with a green arrow to give traders a signal. This indicator is suitable for everyone trading markets , including cryptocurrency , forex , and stocks .

Turtle soup indicator is in an upward trend

According to the price chart USD/CAD in the 1-hour , the price has fallen below the support level. Turtle Soup spotted this breakout and signaled buy trade with a green arrow .

If the price rises above the support level, it indicates an opportunity to enter the long position , because the breakout is false and the price may reverse upward.

Turtle soup indicator is in a downward trend

According to the price chart of Binance Coin in the 4-hour time frame, the price has broken through the resistance level. The Turtle Soup pattern detects this breakout and signals sell trade with a green arrow .

Indicator Settings

• Theme : chart display settings;
• Secondary trend calculation type (ZigZag - candle closing price) : secondary trend calculation type based on candle closing price;
• Displays the secondary trend ZigZag : displays the secondary trend ZigZag;
• Shows the main trend ZigZag : shows the main trend ZigZag;
• Display external signals : Display external signals.

Conclusion

The Turtle Soup Indicator for MetaTrader 4 identifies two types of false breakouts: internal and external . Turtle Soup is one of the important patterns in ICT trading style.

This MT4 ICT indicator helps traders avoid losses by showing fake breakouts and marking liquidity areas to find trade entry signals.