Turtle Soup ICT Strategy FVG + CHoCH/CSD

The Turtle Soup ICT Strategy [TradingFinder] FVG + CHoCH/CSD indicator is a comprehensive trading tool designed to identify and exploit false breakouts in key liquidity zones. By detecting liquidity sweeps at recent highs or lows and confirming reversals through structural shifts like Market Structure Shifts (MSS) or Change of Character (CHoCH), it provides traders with precise entry points at Fair Value Gaps (FVG).

Usage

The indicator is designed to be used by identifying liquidity sweeps on higher timeframes and entering trades on lower timeframes following a structural confirmation.

• Bullish Setup: Occurs when the price sweeps Sell-Side Liquidity (SSL), followed by an MSS or CHoCH to the upside. The indicator highlights potential buy entries when the price pulls back into a resulting bullish FVG.
• Bearish Setup: Occurs when the price sweeps Buy-Side Liquidity (BSL), followed by an MSS or CHoCH to the downside. The indicator highlights potential sell entries when the price pulls back into a resulting bearish FVG.

Users can monitor the real-time "Liquidity Sweep" labels on the chart to identify when stop hunts are occurring, then look for the dashed MSS lines to confirm a shift in market intent.

Details

The strategy is rooted in Institutional Order Flow concepts. It focuses on the "Turtle Soup" pattern, which assumes that many breakouts are actually "Stop Hunts" intended to generate liquidity for larger market participants.

Key technical components include:

• Liquidity Sweeps: Detection of price moving beyond previous swing points and immediately reversing.
• Structural Shifts: Implementation of MSS and CHoCH logic to ensure the trend has actually changed before suggesting an entry.
• FVG Filtering: A proprietary algorithm to filter out low-probability Fair Value Gaps, focusing only on those with strong momentum and structural significance.

Settings

Logical Settings

• Higher TimeFrame Levels: Sets the timeframe used to calculate the primary liquidity zones (e.g., 1H, 4H).
• Swing Period: Determines the sensitivity of the pivot detection used for liquidity levels.
• Max Swing Back Method: Choose between "All" swings or a "Custom" amount of historical swings to analyze.
• Max Swing Back: Defines the specific number of historical swings to check if "Custom" is selected.
• FVG Length: The lookback period for detecting Fair Value Gaps.
• MSS Length: The lookback period for detecting Market Structure Shifts.

FVG Logical Settings

• FVG Filter: Enables advanced filtering to reduce noise and identify high-quality imbalances.
• Types of FVG Filters: Choose between Very Aggressive, Aggressive, Defensive, or Very Defensive to control the strictness of FVG validation.
• Mitigation Level FVG: Select which part of the FVG (Proximal, 50%, or Distal) acts as the trigger level.

Display Settings

• Display Toggles: Individual checkboxes to show or hide Demand/Supply FVGs, HTF Levels, and MSS lines.
• Color Customization: Full control over the colors for high/low levels, labels, and structural lines to match any chart theme.

FAQ

How do I use this indicator for scalping? You can set the Higher TimeFrame Levels to a medium interval (like 15m or 1H) and use the indicator on a 1m or 5m chart to catch quick reversals following liquidity sweeps.

What is the "Defensive" FVG filter? The Defensive filter requires the FVG's middle candle to have a substantial body and specific structure, significantly reducing the number of signals to focus on higher-probability setups.

How can I access the Turtle Soup ICT Strategy [TradingFinder] FVG + CHoCH/CSD? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.