Pricewerk Turtle Soup Indicator
- Göstergeler
- Phillipp Bertram
- Sürüm: 1.0
- Etkinleştirmeler: 10
Pricewerk Turtle Soup Indicator
Pricewerk Turtle Soup Indicator is a rule-based MetaTrader 5 indicator designed to visualize one of the most powerful reversal concepts in technical trading: the Turtle Soup setup.
Instead of chasing classic breakouts, the indicator focuses on:
- false breakouts
- liquidity sweeps
- reclaim situations
The logic is simple but highly practical:
Price sweeps a relevant high or low, collects liquidity, returns back into the previous structure and only then a structured setup becomes visible on the chart.
This indicator is built for traders who prefer:
- clear visual structure
- objective market interpretation
- systematic decision-making
instead of emotional trading.
How the strategy works
Many traders enter when price breaks above highs or below lows. However, these levels are often used to trigger stop-losses and trap late breakout traders. The Turtle Soup logic identifies exactly these situations.
The indicator highlights:
- relevant swing highs and lows
- liquidity sweeps above highs or below lows
- rejection after the sweep
- reclaim back into the prior range
- potential entry zones based on structured conditions
A pure breakout is not highlighted as a trade idea. The indicator focuses on situations where a breakout may have failed.
Core logic
- Identify a relevant liquidity level
- Detect when price sweeps that level
- Confirm return into previous structure
- Highlight potential trade zones on the chart
Key features
Automated Turtle Soup visualization
The indicator highlights sweep-and-reclaim structures directly on the chart.
Long and short setups
Bullish sweeps below lows and bearish sweeps above highs are visualized.
Flexible reference levels
Pivot highs/lows, highest/lowest levels, previous day, previous week or session-based levels.
Multiple confirmation modes
Configure how reclaim conditions are interpreted and displayed.
Customizable filters
Optional filters for session, spread, volatility and trend context.
Clean chart visualization
Displays reference levels, sweep zones, reclaim areas and potential trade structures directly on the chart.
Guidance for discretionary trading
Helps traders understand when a Turtle Soup setup is forming without forcing automated execution.
Best suited for
- XAUUSD / Gold
- Major forex pairs
- Nasdaq
- DAX
- Dow Jones
- S&P 500
- Other liquid CFD and FX markets
The indicator is especially useful on intraday timeframes such as M5, M15, M30 and H1.
Settings should always be tested and adapted to the selected symbol, broker conditions and trading session.
Who this indicator is for
Pricewerk Turtle Soup Indicator is designed for traders who want:
- a structured false-breakout framework
- clear visual confirmation of setups
- better timing for discretionary entries
- less emotional decision-making
- a systematic approach to liquidity-based trading
This indicator is not designed for traders looking for automated trading, martingale systems or unrealistic profit promises.
Recommended workflow
Use the indicator to identify potential Turtle Soup setups and combine it with your own execution rules or risk management approach.
For traders who want full automation, advanced risk management and execution logic, the corresponding Expert Advisor is available:
Pricewerk Turtle Soup EA:
https://www.mql5.com/en/market/product/175380
You can use the EA (including its demo version) to explore different configurations, test parameter combinations and better understand how the strategy behaves under various conditions. The same logic can then be applied to this indicator for manual trading.
Before live trading, always test your setup carefully and adapt it to your symbol, broker and trading style.
Why Pricewerk Turtle Soup Indicator stands out
Most tools highlight breakouts. This indicator focuses on failed breakouts and liquidity-based reversals.
It helps you identify high-probability situations where the market traps participants and reverses direction.
Pricewerk Turtle Soup Indicator is built around one principle:
Structure over noise. Clarity over guesswork. Rules over emotions.
Risk notice
- Trading involves risk.
- This indicator does not execute trades and does not guarantee results.
- Every user is responsible for testing, risk management and trade execution decisions.
