ICT Style Turtle Soup Indicator Download for MetaTrader 5 - Free - MT4/MT5 Resource

The Turtle Soup Indicator for MetaTrader 5 is one of the practical tools used in the "ICT" trading style.

This specialized tool focuses on false price breakouts (false breakouts) and, when conditions are favorable, identifying counter-trend trading opportunities.

Therefore, Turtle Soup is optimized for reversal trading . This MT5 Liquidity Indicator is simply designed to divide false breakouts into internal and external categories.

Additionally, new highs are marked as "HH" and new lows are marked as "LL". Connecting these points with a green line creates a ZigZag pattern.

Indicator specification table

List of turtle soup indicators

In ICT trading , identifying false breakout patterns is very important. This indicator focuses on areas where traders place their funds to stop losses and identifies areas of liquidity search .

Turtle Soup highlights these high potential areas as entry signals green arrow . This indicator is proven to work on all financial markets, including cryptocurrencies , forex , and stocks .

Turtle soup indicator is in an upward trend

On the 1-hour price chart of Chainlink , the price fell below the support level . The indicator detects this breakout and issues a buy signal using a green arrow .

If the price rises quickly above the support level, it creates a buying opportunity, as this false breakout increases the likelihood of a price rebound to the upside.

Turtle soup indicator is in a downward trend

Price broke above the resistance level on the 30 minute price chart of EUR/USD .

The Turtle Soup Algorithm detects this false breakout and sends a sell signal with a green arrow , indicating an opportunity to enter a short trade .

Indicator Settings

• Theme : Display settings;
• Secondary trend calculation type (ZigZag - Candle Closing Price) : Calculation method of secondary trend, 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 internal signals : display internal signals;
• Display external signals : Display external signals.

Conclusion

The Turtle Soup Indicator for MetaTrader 5, which is capable of detecting internal and external false breakouts , is one of the key patterns in ICT trading style . This tool accurately identifies false breakouts and helps traders avoid losses by highlighting liquidity hunting areas as trade entry points.