KivancOzbilgic

Turtle Trade Channels Indicator TUTCI

Legendary trade system which proved that great traders can be made, not born.

Turtle Trade Experiment made 80% annual return for 4 years and made 150 million $

Turtle Trade trend following system is a complete opposite to the "buy low and sell high" approach.

This trend following system was taught to a group of average and normal individuals, and almost everyone turned into a profitable trader.

They used the basis logic of well known DONCHIAN CHANNELS which developed by Richard Donchian .

The main rule is "Trade an 20-day breakout and take profits when an 10-day high or low is breached ". Examples:

Buy a 20-day breakout and close the trade when price action reaches a 10-day low.
Go short a 20-day breakout and close the trade when price action reaches a 10-day high.
In this indicator,
The red line is the trading line which indicates the trend direction:

Price bars over the trend line indicates uptrend
Price bars under the trend line means downtrend


The dotted blue line is the exit line.


Original system is:

Go long when the price High is equal to or above previous 20 day Highest price.
Go short when the price Low is equal to or below previous 20 day Lowest price.
Exit long positions when the price touches the exit line
Exit short positions when the price touches the exit line
Recommended initial stop-loss is ATR * 2 from the opening price.

Default system parameters were 20,10 and 55,20.



Original Turtle Rules:

To trade exactly like the turtles did, you need to set up two indicators representing the main and the failsafe system.

Set up the main indicator with EntryPeriod = 20 and ExitPeriod = 10 (A.k.a S1)
Set up the failsafe indicator with EntryPeriod = 55 and ExitPeriod = 20 using a different color. (A.k.a S2)
The entry strategy using S1 is as follows

Buy 20-day breakouts using S1 only if last signaled trade was a loss.
Sell 20-day breakouts using S1 only if last signaled trade was a loss.
If last signaled trade by S1 was a win, you shouldn't trade -Irregardless of the direction or if you traded last signal it or not-


The entry strategy using S2 is as follows:

Buy 55-day breakouts only if you ignored last S1 signal and the market is rallying without you
Sell 55-day breakouts only if you ignored last S1 signal and the market is pluging without you


You can Highlight the chart with provided trade signals:

Green background color when Long
Red background color when Short
No background color when flat

WARNING: TURTLE TRADE STOP or ADDING more UNITS RULES ARE NOT INCLUDED.

Author: Kıvanç Özbilgiç

Also you can show or hide trade signals with the button on the settings menu
ملاحظات الأخبار: background color updated
ملاحظات الأخبار: code updated due to TradingView error
نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الكود في منشور تحكمه قواعد الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
Twitter: @kivancozbilgic
Youtube: http://youtube.com/c/kivancozbilgic

التعليقات

kıvanç hocam bu inditaörde alarm kurarken zorlanıyorum vaktiniz varsa ufak bir sunum yapabilir misiniz. teşekkürler
100 ‎عملة افتراضية
+30 رد
@orhan02, alarm kurmayı ben de öğrenmek istiyorum siz öğrenebildiniz mi
+2 رد
@orhan02, Şimdi öğrendim, long sinyallerini alabilmek için sırasıyla şu şekilde ayarlayın :

TutCI Long Entry
-dan küçük
TuTCI Upper

Short sinyallerini alabilmek için sırasıyla şu şekilde ayarlayın :

TuTCI Short Entry
-dan büyük
TuTCI Lower

Exit sinyalleri için alarm kurmayı henüz öğrenemedim, ama bunların da işinize yarayacağını düşünüyorum.
+2 رد
orhan02 muhammed_yarici1999
@muhammed_yarici1999, çok teşekkür ederim kardeşim. kıvanç hoca harika bir öğretmen eminim müsait olduğunda bi gün sorumuza cevap verecektir. hayırlı kazançlar
رد
osmanerd muhammed_yarici1999
@muhammed_yarici1999, teşekkür ederim
رد
Thank you for this! its great work and great effort!
200 ‎عملة افتراضية
+8 رد
enesariturk Evan_Moe_Money
رد
great work! would it be possible to discuss adding a Tom DeMark breakout qualifier? its a fairly simple 3 bar price relationship, thank you
100 ‎عملة افتراضية
+4 رد
nice work bro
200 ‎عملة افتراضية
رد