OPEN-SOURCE SCRIPT
Atualizado Turtle Trading System - Full (S1+S2)
Turtle Trading System - Full (System 1 + System 2)
A complete implementation of the original Turtle Trading rules (Richard Dennis, 1983),
built for Daily timeframe use. Pine Script v6.
FEATURES:
- System 1: 20-day breakout entry / 10-day breakout exit
- System 2: 55-day breakout entry / 20-day breakout exit (failsafe, never filtered)
- Last-Trade Filter: skips a System 1 signal if the prior System 1 trade was a winner,
reducing false breakouts in ranging markets. Falls through to System 2 when filtered.
- ATR-based (N) position sizing reference and 2N initial stop
- Pyramiding: adds units every 0.5N in the favorable direction, up to 4 units max
- Trailing stop that only tightens in the trade's favor, never loosens
- No-repaint option: signals confirm only on closed bars (barstate.isconfirmed)
- Live status table: current position, units held, active system, current N, filter state
NOTES:
- Calibrated for Daily charts, consistent with the original system's historical backtesting.
Using it on lower timeframes changes what the lookback lengths represent and has not been
validated here.
- The Last-Trade Filter only tracks trades entered via System 1. Trades triggered by the
System 2 failsafe do not update the filter, per the original rule set.
- This is a signal/reference tool, not an auto-trading strategy. Verify signals in replay
mode before trading live. Be claude IA
A complete implementation of the original Turtle Trading rules (Richard Dennis, 1983),
built for Daily timeframe use. Pine Script v6.
FEATURES:
- System 1: 20-day breakout entry / 10-day breakout exit
- System 2: 55-day breakout entry / 20-day breakout exit (failsafe, never filtered)
- Last-Trade Filter: skips a System 1 signal if the prior System 1 trade was a winner,
reducing false breakouts in ranging markets. Falls through to System 2 when filtered.
- ATR-based (N) position sizing reference and 2N initial stop
- Pyramiding: adds units every 0.5N in the favorable direction, up to 4 units max
- Trailing stop that only tightens in the trade's favor, never loosens
- No-repaint option: signals confirm only on closed bars (barstate.isconfirmed)
- Live status table: current position, units held, active system, current N, filter state
NOTES:
- Calibrated for Daily charts, consistent with the original system's historical backtesting.
Using it on lower timeframes changes what the lookback lengths represent and has not been
validated here.
- The Last-Trade Filter only tracks trades entered via System 1. Trades triggered by the
System 2 failsafe do not update the filter, per the original rule set.
- This is a signal/reference tool, not an auto-trading strategy. Verify signals in replay
mode before trading live. Be claude IA
Notas de Lançamento
Turtle Trading System - Full (System 1 + System 2)A complete implementation of the original Turtle Trading rules (Richard Dennis, 1983),
built for Daily timeframe use. Pine Script v6.
FEATURES:
- System 1: 20-day breakout entry / 10-day breakout exit
- System 2: 55-day breakout entry / 20-day breakout exit (failsafe, never filtered)
- Last-Trade Filter: skips a System 1 signal if the prior System 1 trade was a winner,
reducing false breakouts in ranging markets. Falls through to System 2 when filtered.
- ATR-based (N) position sizing reference and 2N initial stop
- Pyramiding: adds units every 0.5N in the favorable direction, up to 4 units max
- Trailing stop that only tightens in the trade's favor, never loosens
- No-repaint option: signals confirm only on closed bars (barstate.isconfirmed)
- Optional exit channel lines (green = long exit level, red = short exit level)
- Full alert set: long/short entry, pyramid add, and exit (including stop-out) — 6 alerts total
- Live status table: current position, units held, active system, current N, filter state
NOTES:
- Calibrated for Daily charts, consistent with the original system's historical backtesting.
Using it on lower timeframes changes what the lookback lengths represent and has not been
validated here.
- The Last-Trade Filter only tracks trades entered via System 1. Trades triggered by the
System 2 failsafe do not update the filter, per the original rule set.
- This is a signal/reference tool, not an auto-trading strategy. Verify signals in replay
mode before trading live.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.