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:

• 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.