OPEN-SOURCE SCRIPT
Turtle Soup vs Previous Candle
This indicator highlights **Turtle Soup (TS)** setups by comparing **the current candle to the previous one**—and it only triggers **once the candle is fully closed**, so it doesn’t “paint and disappear” while the bar is still forming.
**What it detects**
* **TS Bear (bearish):**
Price *breaks above the previous candle’s high* (liquidity grab), then closes **bearish**, returning back below that prior high.
→ Concept: “fake breakout up, then reversal.”
* **TS Bull (bullish):**
Price *breaks below the previous candle’s low* (liquidity grab), then closes **bullish**, back above that prior low.
→ Concept: “fake breakdown down, then rebound.”
**Strict vs Flexible mode (the indicator switch)**
* ✅ **Allow close outside the previous range (ON):** more flexible.
The close can finish outside the prior candle’s range. Useful in fast, impulsive moves.
* ❌ **Allow close outside the previous range (OFF):** stricter.
The close must finish **inside** the previous candle’s range (cleaner signals, usually fewer of them).
**The key feature**
* Signals are plotted **only after the candle closes on your current timeframe**.
If you’re on M15, it confirms at the M15 close. If you’re on H1, at the H1 close.
Result: more reliable signals and less “indicator drama.”
**What it’s good for**
* Spotting potential **quick reversals** right after a sweep of highs/lows.
* Identifying areas where price often reacts due to **liquidity runs**.
**Practical note**
This isn’t a magic button—signals work best with context (trend, key levels, range/session timing, market structure). Fine-tune strict vs flexible per asset/timeframe and you’ll go from “random dots” to “useful tells.”
**What it detects**
* **TS Bear (bearish):**
Price *breaks above the previous candle’s high* (liquidity grab), then closes **bearish**, returning back below that prior high.
→ Concept: “fake breakout up, then reversal.”
* **TS Bull (bullish):**
Price *breaks below the previous candle’s low* (liquidity grab), then closes **bullish**, back above that prior low.
→ Concept: “fake breakdown down, then rebound.”
**Strict vs Flexible mode (the indicator switch)**
* ✅ **Allow close outside the previous range (ON):** more flexible.
The close can finish outside the prior candle’s range. Useful in fast, impulsive moves.
* ❌ **Allow close outside the previous range (OFF):** stricter.
The close must finish **inside** the previous candle’s range (cleaner signals, usually fewer of them).
**The key feature**
* Signals are plotted **only after the candle closes on your current timeframe**.
If you’re on M15, it confirms at the M15 close. If you’re on H1, at the H1 close.
Result: more reliable signals and less “indicator drama.”
**What it’s good for**
* Spotting potential **quick reversals** right after a sweep of highs/lows.
* Identifying areas where price often reacts due to **liquidity runs**.
**Practical note**
This isn’t a magic button—signals work best with context (trend, key levels, range/session timing, market structure). Fine-tune strict vs flexible per asset/timeframe and you’ll go from “random dots” to “useful tells.”
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.