ICT Turtle Soup (Liquidity Reversal)

ICT Turtle Soup — Liquidity Reversal Detection
Trap the Trap: A Precision Reversal Strategy from the Inner Circle Trader Playbook

This indicator implements the Turtle Soup liquidity reversal setup — a widely used ICT (Inner Circle Trader) concept that targets false breakouts beyond recent swing highs or lows. These patterns typically occur when price grabs liquidity above or below a known level, then snaps back, trapping retail traders and creating a high-probability reversal scenario.

🔍 What This Script Does:
Detects Liquidity Sweeps Above/Below Key Swing Levels

Uses a customizable swing lookback to identify recent swing highs and lows.

Triggers a Bearish Turtle Soup when price runs above a previous swing high and closes back below.

Triggers a Bullish Turtle Soup when price sweeps below a prior swing low and closes back above.

Plots Clear Visual Signals

Reversal signals appear as 🐢🔻 (Bearish) or 🐢🔺 (Bullish) markers directly on your chart.

Optional labels can be enabled for enhanced journaling and review.

Real-Time Alerts

Receive alert notifications when a Turtle Soup setup is detected — ideal for scalpers or intraday traders watching for reversals around liquidity pools.

⚙️ Customization Options:
Set the swing lookback sensitivity (default: 5)

Enable or disable labels

Choose label font size

Customize colors for bullish and bearish signals

💡 How to Use:
Deploy on intraday timeframes (e.g. 5m–15m) for high-resolution liquidity analysis.

Watch for signals at key highs/lows, session extremes, or zones where liquidity is likely resting.

Combine with tools like FVGs, Order Blocks, and OTE zones for layered confirmation.

🔗 Combine With These Tools for a Complete SMC Edge:
✅ First FVG — Opening Range Fair Value Gap Detector

✅ ICT SMC Liquidity Grabs + OB + Fibonacci OTE Levels

✅ Liquidity Levels — Smart Swing Lows

Together, these tools form a high-precision Smart Money toolkit — helping traders map, anticipate, and act on institutional-level liquidity events with clarity and confidence.