OPEN-SOURCE SCRIPT
Turtle Soup_Long Sys1 & Sys2
Gold stepped line — System 1: the rolling 20-day high. Price closing above it is an S1 long breakout, labeled S1 ▲
Teal stepped line — System 2: the rolling 55-day high. Breakout labeled S2 ▲▲ and takes priority over S1 if both fire simultaneously
Gold fill zone — the band between S1 and S2 highs — shows you where you’re in “no man’s land” between the two systems
Coral stepped line — 10-day low channel, the original S1 exit rule
Orange stepped line — 20-day low channel, the original S2 exit rule
Orange fill — shaded zone between the two exit channels so you can visually see the exit buffer below price
Purple stepped line — the ATR trailing stop. Starts at 2× ATR below entry, trails up in 0.5 ATR increments as price advances and as pyramid units are added. Never moves down. Disappears when flat
Dashboard table — live S1/S2 levels, both exit channel lows, current ATR value, and trade status showing system type + number of units
Labels — S1 ▲ on 20-day breaks, S2 ▲▲ on 55-day breaks, +2U / +3U / +4U on pyramid adds, EXIT when the trade is closed
Teal stepped line — System 2: the rolling 55-day high. Breakout labeled S2 ▲▲ and takes priority over S1 if both fire simultaneously
Gold fill zone — the band between S1 and S2 highs — shows you where you’re in “no man’s land” between the two systems
Coral stepped line — 10-day low channel, the original S1 exit rule
Orange stepped line — 20-day low channel, the original S2 exit rule
Orange fill — shaded zone between the two exit channels so you can visually see the exit buffer below price
Purple stepped line — the ATR trailing stop. Starts at 2× ATR below entry, trails up in 0.5 ATR increments as price advances and as pyramid units are added. Never moves down. Disappears when flat
Dashboard table — live S1/S2 levels, both exit channel lows, current ATR value, and trade status showing system type + number of units
Labels — S1 ▲ on 20-day breaks, S2 ▲▲ on 55-day breaks, +2U / +3U / +4U on pyramid adds, EXIT when the trade is closed
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.