ICT Turtle Soup

The ICT Turtle Soup indicator is a comprehensive tool designed to identify and execute the "Turtle Soup" model, focusing on high-timeframe liquidity grabs and market structure shifts. It aims to simplify complex institutional trading concepts into actionable signals with built-in risk management and performance tracking.

Usage

The indicator automates a multi-step execution process:

1. Liquidity Identification: It automatically marks higher timeframe liquidity zones based on recent swing highs and lows.
2. Liquidity Grab Detection: The tool monitors for false breakouts (liquidity grabs) where price briefly penetrates these zones before reversing.
3. Market Structure Shift (MSS): Once a grab occurs, the indicator waits for a break of the current timeframe's swing high or low to confirm a reversal.
4. Execution: Buy signals are generated after sellside liquidity grabs followed by a bullish MSS; Sell signals are generated after buyside liquidity grabs followed by a bearish MSS.

Users can choose between "Classic" and "Adaptive" entry methods. The adaptive method adjusts signal logic based on recent win/loss performance to account for changing market regimes.

Details

The strategy relies on the premise that large market orders often sit above and below significant price pivots. When the market "sweeps" these levels and quickly returns, it often indicates institutional manipulation before a trend reversal. This indicator uses a Higher Timeframe (HTF) parameter to define these zones and the Average True Range (ATR) to dynamically calculate Stop-Loss and Take-Profit levels, ensuring risk management is adapted to current volatility.

Settings

General Configuration

• MSS Swing Length: The number of bars used to determine the swing points for market structure shift detection.
• Higher Timeframe: The timeframe used to identify major liquidity zones (must be higher than the current chart).
• Breakout Method: Choose between "Wick" or "Close" to determine what constitutes a valid liquidity grab or MSS.
• Entry Method: Select "Classic" for standard ICT logic or "Adaptive" for self-adjusting signal logic based on historical performance.
• Show Liquidity Zones: Toggles the visibility of the HTF support and resistance boxes.

TP / SL

• TP / SL Method: Choose "Fixed" for percentage-based targets or "Dynamic" for ATR-based targets.
• Risk: Adjusts the ATR multiplier for dynamic stops; options range from "Lowest" to "Highest."
• Take Profit % / Stop Loss %: Defines the exit targets when the "Fixed" method is selected.

FAQ

How do I interpret a liquidity grab? A liquidity grab is highlighted when price moves beyond a marked zone but fails to maintain momentum, followed by a structure shift in the opposite direction.

What is the difference between Classic and Adaptive entry methods? Classic follows standard rules, while Adaptive tracks the success of recent signals and may invert the logic if the market is consistently trending through liquidity zones instead of reversing.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.