OPEN-SOURCE SCRIPT
Turtle Soup Model [PhenLabs]

📊 Turtle Soup Model [PhenLabs]
Version: PineScript™ v6
Description
The Turtle Soup Model is an innovative technical analysis tool that combines market structure analysis with inter-market comparison and gap detection. Unlike traditional structure indicators, it validates market movements against a comparison symbol (default: ES1!) to identify high-probability trading opportunities. The indicator features a unique “soup pattern” detection system, comprehensive gap analysis, and real-time structure breaks visualization.
Innovation Points:
🔧 Core Components
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
📈 Visualization
💡Example

📌 Usage Guidelines
The indicator offers multiple customization options:
Structure Settings:
Gap Analysis:
✅ Best Practices:
⚠️ Limitations
What Makes This Unique
🔧 How It Works
The indicator processes market data through three main components:
1. Structure Analysis:
2. Gap Analysis:
3. Pattern Recognition:
Version: PineScript™ v6
Description
The Turtle Soup Model is an innovative technical analysis tool that combines market structure analysis with inter-market comparison and gap detection. Unlike traditional structure indicators, it validates market movements against a comparison symbol (default: ES1!) to identify high-probability trading opportunities. The indicator features a unique “soup pattern” detection system, comprehensive gap analysis, and real-time structure breaks visualization.
Innovation Points:
- First indicator to combine structure analysis with gap detection and inter-market validation
- Advanced memory management system for efficient long-term analysis
- Sophisticated pattern recognition with multi-market confirmation
- Real-time structure break detection with comparative validation
🔧 Core Components
- Structure Analysis: Advanced pivot detection with inter-market validation
- Gap Detection: Sophisticated gap identification and classification system
- Inversion Patterns: “Soup pattern” recognition for reversal opportunities
- Visual System: Dynamic rendering of structure levels and gaps
- Alert Framework: Multi-condition notification system
🚨 Key Features 🚨
The indicator provides comprehensive analysis through:
- Structure Levels: Validated support and resistance zones
- Gap Patterns: Identification of significant market gaps
- Inversion Signals: Detection of potential reversal points
- Real-time Comparison: Continuous inter-market analysis
- Visual Alerts: Dynamic structure break notifications
📈 Visualization
- Structure Lines: Color-coded for highs and lows
- Gap Boxes: Visual representation of gap zones
- Inversion Patterns: Clear marking of potential reversal points
- Comparison Overlay: Inter-market divergence visualization
- Alert Indicators: Visual signals for structure breaks
💡Example
📌 Usage Guidelines
The indicator offers multiple customization options:
Structure Settings:
- Pivot Period: Adjustable for different market conditions
- Comparison Symbol: Customizable reference market
- Visual Style: Configurable colors and line widths
Gap Analysis:
- Signal Mode: Choice between close and wick-based signals
- Box Rendering: Automatic gap zone visualization
- Middle Line: Reference point for gap measurements
✅ Best Practices:
- 🚨Use comparison symbol from related market🚨
- Monitor both structure breaks and gap inversions
- Combine signals for higher probability trades
- Pay attention to inter-market divergences
⚠️ Limitations
- Requires comparison symbol data
- Performance depends on market correlation
- Best suited for liquid markets
What Makes This Unique
- Inter-market Validation: Uses comparison symbol for signal confirmation
- Gap Integration: Combines structure and gap analysis
- Soup Pattern Detection: Identifies specific reversal patterns
- Dynamic Structure Management: Automatically updates and removes invalid levels
- Memory-Efficient Design: Optimized for long-term chart analysis
🔧 How It Works
The indicator processes market data through three main components:
1. Structure Analysis:
- Detects pivot points with comparison validation
- Tracks structure levels with array management
- Identifies and processes structure breaks
2. Gap Analysis:
- Identifies significant market gaps
- Processes gap inversions
- Manages gap zones visualization
3. Pattern Recognition:
- Detects “soup” patterns
- Validates with comparison market
- Generates structure break signals
💡 Note: The indicator performs best when used with correlated comparison symbols and appropriate timeframe selection. Its unique inter-market validation system provides additional confirmation for traditional structure-based trading strategies.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Smart Tools for Smarter Trades: phenlabs.com
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
Smart Tools for Smarter Trades: phenlabs.com
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
Join our growing community: discord.gg/phen
All content provided by PhenLabs is for informational & educational purposes only. Past performance does not guarantee future results.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。