Turtle soup

Hi all!

This indicator will show you turtle soups. The logic is that pivots detected from a higher timeframe, with the pivot lengths of left and right in the settings, will be up for 'grabs' by price that spents more than one candle above/below the pivot.

If only one candle is beyond the pivot it's a liquidity sweep or grab. Liquidity sweeps can be discovered through my script 'Market structure' (tradingview.com/script/ud6AQSm2-Market-structure/), but this script will discover turtle soup entries with false breakouts that takes liquidity.

The turtle soup can have a confirmation in the terms of a change of character (CHoCH). The turtle soup strategy usually comes with some sort of confirmation, in this case a CHoCH, but it can also be a market structure shift (MSS) or a change in state of delivery (CISD).

Turtle soups (pivots that have been 'taken') within a turtle soup will also be visible (but not have a turtle).

Alerts are available for when a turtle soup setup occurs and you can set the alert frequency of your liking (to get early signals with a script that might repaint or wait for a closed candle).

I hope that this description makes sense, tell me otherwise. Also tell me if you have any improvements or feature requests.

Best of trading luck!

The chart in the publication contains a 4 hour chart with a daily timeframe and confirmations with CHoCH.