VibeFox Turtle Soup
- Indicators
- Version: 1.0
- Activations: 5
VibeFox Turtle Soup — Linda Raschke false-breakout reversal with entry points
VibeFox Turtle Soup is a real-time false-breakout indicator for MetaTrader 5. It implements Linda Raschke's classic "Turtle Soup" pattern: the moment price sweeps a prior swing extreme and then snaps back beyond it, the indicator marks the reversal entry right on the price chart and draws the swept level. Instead of staring at the chart waiting for breakout traps, you see the failed breakout and the entry point at the very bar they complete. Every control is gathered into one modern interactive panel.
How the indicator works
A breakout trap happens when the market pokes through an obvious high or low — triggering breakout traders and stops — and then immediately reverses, closing back inside the prior range. Turtle Soup turns that trap into a signal. For every bar the indicator measures the highest high and lowest low of the previous N bars (the Lookback window), then checks whether the current bar swept that extreme but failed to hold beyond it.
Bullish (BUY): the bar's low pierces below the prior N-bar low, yet the bar closes back above that low — a false breakdown. Bearish (SELL): the bar's high pierces above the prior N-bar high, yet the bar closes back below it — a false breakout. To keep only meaningful sweeps, the broken extreme must be at least Age bars old, so a fresh, still-forming level does not trigger the pattern. When a signal fires, a short horizontal line marks the exact swept level at the signal bar.
Bars vs Lookback — two different settings
These two numbers are easy to confuse, so it is worth stating clearly. Lookback (N) is the size of the window used to build each prior extreme — it defines which high or low gets swept. Bars is the depth of history the indicator scans for signals — it defines how far back the search runs (0 = all available history). They are completely independent: raising Lookback makes each extreme wider and the sweeps rarer; raising Bars simply shows older signals further back in time.
Entry points
The indicator tracks the false-breakout conditions itself and places a clear marker on the price chart. Two independent signal types are available, each with its own toggle.
Entry — Long (false breakdown)
A bullish Turtle Soup fires when price sweeps below the prior low but closes back above it. The down-breakout has failed, sellers are trapped, and a BUY marker is placed at the signal bar. The swept low is the level the market rejected.
Entry — Short (false breakout)
A bearish Turtle Soup fires when price sweeps above the prior high but closes back below it. The up-breakout has failed, buyers are trapped, and a SELL marker is placed at the signal bar. The swept high is the level the market rejected.
Buy and sell markers are colored separately with the Buy Color and Sell Color settings, so direction is read instantly. The Marker selector switches the glyph between a plain cross (+), filled triangles, or arrows with a tail, while the Size control scales the marker in pixels (6 to 40) to fit any chart density.
Full visual control
The swept-level line color is set with Swept-Level Line Color and the thickness with Swept-Level Line Width from 1 to 5 pixels. The level line and both entry markers each support a transparency setting (0-100%) in the color picker popup, so you can blend them softly into the chart background. Markers on the price chart are sized and colored independently, so entries stand out clearly against any background.
Interactive on-chart panel
The whole interface is a smooth canvas-based panel built for fast mouse control. The Turtle Soup parameters are gathered into tidy rows, and the entry block is set apart with its own gold ENTRY heading, so signal settings do not get mixed up with level settings. The panel header holds the control icons.
Power — turns the drawing of entry markers on and off without removing the indicator from the chart.
Settings (gear) — opens and closes the settings section.
Updown (arrows) — moves the panel between its subwindow and the main chart.
Close (cross) — closes the indicator.
Resizable — drag the bottom-right corner to scale the panel.
Collapsible — a double click on the header collapses the panel into a compact strip.
Mouse wheel — hover over any numeric field (Bars, Lookback, Age, Width, Size) and scroll the wheel to change the value without opening the keyboard.
Settings and personalization
The Settings button opens a section where the panel is fitted to your workspace: a light, dark or automatic Theme, an adjustable panel width, header size, row height and font size. Extra touches let you hide the bottom bar via Hide Footer, shrink the header when collapsed with Mini Header, and automatically collapse the panel on a click outside it. Almost every parameter changes live right on the panel — the input fields on the Inputs tab only set the starting values. You can also run several independent copies on one chart by giving each a unique Instance, to compare different Lookback/Age settings side by side.
Entry notifications
You do not need to sit and guard the chart waiting for a signal. Each entry can be sent through several notification channels that are enabled independently right on the panel.
Alert — a pop-up message inside the terminal.
Push — a mobile notification to the MetaTrader app on your phone.
Email — a letter sent through the terminal's mail settings.
Telegram — the alert text together with a chart screenshot, sent straight to your Telegram chat.
Enable only the channels you need, and you will be notified the moment a new entry appears on the symbol and timeframe you are working with.
Visual history (HTML report)
Enable the Html channel, and every entry signal is saved to an HTML report together with a screenshot of the chart at the moment it fired. The report is stored in the terminal's Files folder, in the VibeFox_Turtle_Soup directory (MQL5/Files/VibeFox_Turtle_Soup/result.html), and opens in any browser — you get a visual log of all the entries the indicator found. A one-click trash button clears the report and its screenshots whenever you want to start over.
Telegram Alerts
Signals can also be delivered straight to your Telegram chat — the alert text together with a screenshot of the chart at the moment of detection. Turn on the Telegram channel and enter your bot token and chat id in the inputs.
Delivery rides on the HTML report: each new signal is written into the report, and the report — opened in a browser — forwards it to your Telegram chat on its own. For this reason, enabling Telegram automatically keeps the Html report on, and the two channels work together.
Built-in multilingual help
A full help page is built into the panel, available in multiple languages, so every control is explained right where you use it.
Parameters (Inputs tab)
Most settings can also be changed live right on the panel (the Settings button) — the input parameters only set the initial values at startup.
Turtle Soup
Lookback N — the number of prior bars used to define the extreme to be swept (2..500). Default: 20.
Min Age — the swept extreme must be at least this many bars old (1..100). Default: 3.
Bars of history to process — how many bars back the signals are searched, 0 = all available. Separate from Lookback. Default: 500.
Swept-Level Line Color — the color of the short swept-level lines on the price chart. Default: Silver.
Line Transparency — line transparency in percent, 0-100. Default: 0.
Swept-Level Line Width — the thickness of the level line in pixels, 1..5. Default: 1.
Entry Points
Long (bullish false breakdown) — enables BUY markers when price sweeps below the prior low and closes back above it. Default: on.
Short (bearish false breakout) — enables SELL markers when price sweeps above the prior high and closes back below it. Default: on.
Marker Font Size — the size of the entry markers in pixels, 6..40. Default: 12.
Entry Marker — the marker glyph: Cross (+), Triangle, or Arrow. Default: Arrow.
Buy Color — the color of the BUY marker. Default: LimeGreen.
Buy Transparency — buy marker transparency in percent, 0-100. Default: 0.
Sell Color — the color of the SELL marker. Default: Red.
Sell Transparency — sell marker transparency in percent, 0-100. Default: 0.
Notifications
Push Notification — enables push alerts to the MetaTrader mobile app. Default: off.
Alert Popup — enables pop-up alerts inside the terminal. Default: off.
Email — enables email alerts through the terminal's mail settings. Default: off.
Html Report — saves each signal with a chart screenshot to Files/VibeFox_Turtle_Soup/result.html. Default: off.
Telegram — forwards signals with chart screenshots to a Telegram chat via the HTML report. Default: off.
Telegram - bot token — the token of the Telegram bot used for delivery. Default: empty.
Telegram - chat id — the target Telegram chat identifier. Default: empty.
Panel / Settings
Panel width, px — the width of the on-chart panel in pixels, 300..800. Default: 800.
Header size — the height of the panel header, 1..6. Default: 1.
Theme — the color theme of the panel: Light, Dark, or Auto. Default: Auto.
Row height (px) — the height of each parameter row in pixels. Default: 34.
Font size — the font size used inside the panel. Default: 8.
Hide Footer — hides the bottom bar of the panel. Default: off.
Mini Header on collapse — shows a compact header strip when the panel is collapsed. Default: off.
Close on click outside — automatically collapses the panel when clicking outside it. Default: off.
Instance — a unique number for each copy of the indicator on the same chart, allows running multiple instances side by side. Default: 1.
Panel Start Window — sets the initial position of the panel: main chart or subwindow. Default: Subwindow.
