Turtle Indicators: by Kgyeo

Turtle Indicators
15 Dec 2021
(V1.3)
https://www.youtube.com/watch?
By KGYeo v=K9PmwPKAORY
1
https://www.tradingview.com/u/kgiap123/
Indicator Main Purpose
Turtle Pro / Turtle Ribbon Buy/Sell Signal, Trend
FiFT (Volume Based) Strength of Bull or Bear, Buy on Dip Signal
MCDX Plus (Volume Based) Strength of Banker or Retailer (Who Control), Momentum
Trend Signal / Trend Expert Trend, Trend Change
ATOM Trending or Ranging
Turtle All-In-One Alert All-in-One alert system and Turtle Status Summary
KG Auto SnR Key Levels, Support & Resistance, Volume Point of Control
Trading is 50%-50% chances win-loss. Chances of winning will improve if we Buy when it is:-
• Uptrend
• Bullish
• Strong Bull
• Buy at Support, Sell at Resistance
• Banker’s in Control with volume
• Bullish Momentum
• Setup from Chart Patterns.
• In a bullish sector
• Good market sentiment (Local or Global)
• Proper Risk Management (Top Priority)
https://www.tradingview.com/u/kgiap123/ 2
TURTLE Pro
Signal Indicator
Turtle Signal
Green Dot
Potential Buy Signal
FAST Turtle SELL
FAST Turtle BUY
Turtle Signal
with ATOM
ATOM BUY
ATOM SELL
SLOW Turtle Resistant
SLOW Turtle BUY SIGNAL
SLOW Turtle Support
SLOW Turtle SELL SIGNAL

Trend Signal
Trailing Resistance
Turtle TREND SELL
Turtle TREND BUY
Trailing Support
Turtle and
Trend Signal
Showing BOTH
Turtle and Trend
Turtle Alert Notification
Click “Set Alert” to display
Create Alert Menu of a
particular stock
Turtle Trend Sell
Fast Turtle Buy Fast Turtle Sell
Once triggered……
TURTLE Rainbow
Another Signal Indicator
Turtle with multiple Moving Average
EMA20
GREEN = Uptrend
EMA50
EMA200
RED = Downtrend
Turtle Ribbon
Price Above Ribbon = Bullish

GREEN = Uptrend
Ribbon based on 50MA
Price Below Ribbon = Bearish

RED = Downtrend
FiFT
Bull and Bear – Who is Stronger ?
OB on RED Strong Buy
OB on GREEN
Weak Bull
Strong Bear
Red Bars
Green Bars Blue Bars

Weak Bear Strong Bull BoD Signal
(Strong or Weak Bull)
BoD on RED BoD on GREEN
GREEN BAR = BULL is stronger than BEAR (BULL Environment)

RED BAR = BEAR is stronger than BULL (BEAR Environment)
BLUE BAR = Highlight BoD (Buy on Dip) Signal
BOD (Buy on Dip) = Fast Turtle Buy with oversold condition. (Oversold is calculated based on a formula)
BOD on GREEN = Fast Turtle Buy in BULL environment (Strong Buy)
BOD on RED = Fast Turtle Buy in BEAR environment (Do not buy - Monitor)
OB (Overbought)= Fast Turtle Sell with overbought condition. (Overbought is calculated based on a formula)
OB on GREEN = Fast Turtle Sell in BULL environment (Do not sell - Monitor)
OB on RED = Fast Turtle Sell in BEAR environment (Strong Sell)
BoD/OB vs Green/Red FiFT
FiFT
GREEN RED
BoD / +ve Strong Buy Monitor
Signal
OB / -ve Monitor Strong Sell
Bear Momentum Increase
Bull Momentum Increase

Potential further Buy
Sign of Bull Recharge.
Opportunity to further buy
Further Buy Signal
Buy on Dip Signal

with STAR (Strong BUY)
2) Choose Alert Type
Alert Notification
Email Notification
MCDX+
Who is in control ?
How to read MCDX+ : Column Bars
Green Bar = Retail Volume
Yellow Bar = Hot Money
Strong Banker Bar Weak Banker Bar Banker controlling

Red Bar = Banker’s Volume 73% of total volume.
Retailer is
insignificant
How to read MCDX+ : Column Bars
Banker > 70%
Price will rocket
Green Bar > 50% 75%

Banker > 50%
Avoid !!! Banker in Control
50%
25%
Banker > 25%
Start build position
• Banker’s Bar (Red Bar) crosses above 5 (25%) = Banker begins to build position
• Banker’s Bar > 10 (50%) = Banker already built positions. Price will start accelerate
• Banker’s Bar > 15 (75%) = Banker in control. Price will rocket
• Green color is Retailer (Avoid)..
Retailer become 0%
(This is one of the
indication that Price is
going to FLY
Banker become strong

(Opportunity for
Buy on Dip setup)
Weak Banker
(Do not buy)
Strong Banker
(Ok to Buy)
How to read MCDX+ : MA, OB, OS
OB : Over Bought
Possible at Top
Banker Moving Average

(BMA)
(Thin Line)
Retail’s Moving Average
(RMA)
(Thick Line)
HotMoney Moving Average
(HMA)
Banker Moving Average (BMA)

HotMoney Moving Average (HMA) OS : Over Sold
Possible at Bottom
Retail’s Moving Average (RMA) https://www.tradingview.com/u/kgiap123/ 31
How to read MCDX+ : Moving Average
DEAD CROSS (Price DOWN)
RMA (Thick line) move up
Cross above BMA and HMA (Thin line)
GOLDEN CROSS (Price UP)

Banker Moving Average (BMA) BMA (Thin line) move up
Cross above RMA and HMA (Thin line)
HotMoney Moving Average (HMA)
Retail’s Moving Average (RMA)
MCDX+ Moving Average : How to analyse ?
Banker Moving Average (BMA) Moving Up = Price will go up
MA Moving Direction HotMoney Moving Average (HMA) Moving Down = Price will go up
Retail’s Moving Average (RMA) Moving Down = Price will go up
Meaning : Banker’s Volume getting stronger as compared to HMA and RMA. Hence, price will go up
Banker Moving Average (BMA) At the TOP

MA Arrangement HotMoney Moving Average (HMA)
Retail’s Moving Average (RMA) At the BOTTOM
Meaning : Banker is in control as compared to Retailer

Thinnest line (Lighter line) must be at the top. Thickest line (Heavier line) at the top will press the price down.
MCDX Offset
Offset Value 5
MCDX Offset is to control the

sensitivity of MCDX to detect
Banker’s Volume
Lower Offset Value will

increase banker detection Offset Value 10
HotMoney colour will change

to GREY if Offset is not default
Value 10
MCDX Auto Offset
MCDX Auto Offset will automatically change Offset value according
to Timeframe.
Offset value in the input field (10 as Default) will be ignored once
enable MCDX Auto Offset
Timeframe Offset Value

5 min or 1 min 0.5
15 min or 30 min 2.5
1H or 2H 5
4H, Daily, Weekly, Monthly or none of above 10
Why need to change Offset ?
• Some of the asset class will behave differently which requires sensitivity
adjustment. E.g GOLD
Why need to change Offset ?
Momentum
Momentum indicator is based on Stochastic indicator with customized parameters.
This indicator is similar to RSI to detect Oversold or Overbought.
Oversold is sometime is call “Bottom Catch”
Momentum turning Upward

Important Note : Oversold doesn’t mean it is time to BUY. Price can continue to move down for a period of time even
it is already “Oversold”. However, Oversold athttps://www.tradingview.com/u/kgiap123/
Support is sometime giving very profitable setup. 38
Momentum Momentum indicator is integrated with TURTLE TREND indicator
GREEN indicating
TURTLE is in BUYING TREND
Red indicating
TURTLE is in SELLING TREND
TURTLE Buy in
TURTLE Sell in Upward Momentum
Downtrend and
Downward Momentum
Momentum Divergence signal
MCDX Alert
Use for Banker Spike up/down 10% Alert
Notes: MCDX+ is a volume based indicator which is much more reliable as compared to RSI
Based MCDX
RSI based MCDX is not based on volume. The “Banker" is calculated based on Price Momentum.
Volume Based MCDX
RSI Based MCDX

Most of the time, MAX Banker can only go up to 75% and RETAILER % fluctuate
ATOM
Breakout Strength
Above the RIVER
Uptrend
BULL ZONE Upper Limit
Price Line
Price Line
Break above Upper Limit Mid River
Price Line
=ATOM Buy Break below Lower Limit
=ATOM Sell
Below the RIVER

Downtrend
BEAR ZONE
Lower Limit
Ranging – Going No Where
ATOM Alert
Integrating ATOM into TURTLE PRO indicator
Trend Signal
Smoothening the Candle
TREND EXPERT
Trend expert is to SMOOTHENING and REMOVE NOISES of the candle
It's useful for making candlestick charts more readable and trends easier
to analyze
Trend Change to RED
Trend Change to GREEN Moving Average Rainbow

Deviation expert is measuring TREND’s Momentum.
Similar to TREND EXPERT, which we are focusing on GREEN TREND to buy up.
DEVIATION EXPERT BULLISH REGION is when TREND is trading above 0.
BEARISH REGION is when TREND is trading below 0.
Another usage of Deviation Expert is to detect divergence
Upward Downward
Above 0 = Bullish Region
Below 0 = Bearish Region

DEVIATION EXPERT – Divergence
Turtle All-In-One
Combine All Alerts into ONE
Turtle All-In-One indicator
• This indicator combines Turtle, Trend, FiFT, ATOM and MCDX indicators into 1 which summarizing status and signal
into a table format
• It has 2 format
• Portfolio Status - Summarize status of 10 selected stocks
• Current Stock Status – Summarize status of current stock.
Portfolio Status
Current Stock Status
Turtle All-In-One indicator – Portfolio Management
NVDA drop -1.19%. Price still above TSLA change 2.19%, Price above
EMA50 (Bullish) and Trend BUY. EMA50 (Bullish), Turtle Trend BUY, FiFT
However, FiFT Strength become Strength Strong Bull, ATOM Above
Bearish, ATOM below River, Fast River, Slow Turtle triggers BUY SIGNAL
Turtle triggers SELL SIGNAL
Turtle All-In-One indicator – Current Stock Status
Uptrend
Bullish Uptrend
Strong Bull Breakout Bullish
Breakout
Banker 82%
HotMoney 18% Volume 14mil
0.78x of previous volume
Strong Bull
Banker 82%
https://www.tradingview.com/u/kgiap123/ HotMoney5718%
Turtle All-In-One indicator – Mother of all Alerts
• Combining all key alerts used in Turtle Trading System. i.e Only 1 setup for Turtle BoD, BoB or TREND signal
• Buy on Dip or Breakout or Trend Alert rules include BULLISH, STRONG BULL and Presence of MCDX Banker
Settings table shows

current alert
configuration
The current configuration is

BUY ALERT on FIFT, TURTLE and TREND signal.
SELL ALERT is disabled.
i.e. BoD or BoB or Trend Buy alert will be triggered ONLY WHEN BULLISH and STRONG BULL
with presence of MCDX Banker and
SUMMARY
Example of Usage and Setup
So Many Indicators ?!?!?!
You do not need to use it all. Some of the indicators giving similar functionality.
You can mix and match following your preferences and trading style.
e.g
• Turtle Pro or Turtle Ribbon
• FiFT or/and MCDX
• TrendSignal or ATOM
Example of the Setups – FCPO Intraday
FCPO Intraday Trade.
1min, 3min and 5min chart
• TURTLE TREND with Moving Average
• FIFT
Key Level TP
• MCDX MOMENTUM
Rules:-
• LONG near SUPPORT or KEY LEVEL

(MA, Pivot, Price Structure)
• FIFT +ve
• Momentum Up
Example of the Setups (From my FCPO Trade Journal)
• FIFT
• MCDX MOMENTUM
Example of the Setups (From my FCPO Trade Journal)
Breaks and Retest S1/MA Lines.
FCPO 10 Sep (1Min Chart)
• FIFT Turtle Trend Short 4395 with –ve FiFT and downward Momentum .
1H Bearish
• MCDX MOMENTUM Breaks PDL. Follow trend to hold. TP at 4328 (+67)
Example of the Setups (From my FOREX Trade Journal)
Forex Swing Trade.
4H and Daily chart
• FIFT
• Momentum Indicator
Turtle Trend trigger AUDCAD Short alert

on 4H chart. Daily Chart direction is bearish
Short 0.95964 -> 0.95420 (50+ Pips)

Example Setup :
Daily Chart
• Turtle Pro
• MCDX Momentum
• Trend Signal
Fast Turtle At Support
Momentum Change to Upward
Trend Expert Change to GREEN

Example Setup :
Daily Chart
• Turtle Pro
• FiFT Pro
Buy Signal
• MCDX+
• MOMENTUM
FiFT Momentum +
Banker Strong
Retailer Become 0%
Time to Fly
Momentum Turned
Uptrend and Bullish
Slow Turtle Buy on Breakout

Stronger Bull
ATOM Buy
• TURTLE Pro
• MCDX+
Retailer Become 0% • ATOM
Time to Fly
KCE ELECTRONIC (SET)
Still Holding
Candle Above Rainbow (+77%)
(Bullish)
• TURTLE Rainbow
• FiFT Pro
• MCDX+
Buy Signal
26 May Green Rainbow
(Uptrend)
Strong Bull
Retailer Become 0%
Time to Fly
HAIER ELEC (HKEX) Sell Signal
31 Aug
(+27%)
Candle Above Rainbow
(Bullish)
• TURTLE Rainbow
• FiFT Pro
• MCDX+
Buy Signal
29 May Green Rainbow
(Uptrend)
Strong Bull
Retailer Become 0%
Time to Fly
Sell Signal
NASDAQ 4 Sep
Candle Above Rainbow
(Bullish)
+3000 pts (+38%)
• TURTLE Rainbow
Green Rainbow • FiFT Pro
Buy Signal (Uptrend) • MCDX+
14 Apr
Strong Bull
Retailer Become 0%
Time to Fly
Word of Wisdom That Change My Trading Performance
Indicators are just contributing about 30% of your trading success. Another 70% is coming from your discipline to follow
process, emotion control and risk management. 100 traders with the same trading system and trading plan will get 100
different results because their different EQ. After multiple failures, most traders will tend to seek for another system and
continue with the cycle of failure until they change their mindset.
There are many reasons why traders fail. Following are some of the reasons: -
1) Fear of missing out (FOMO) - Chase high.
2) Flip Flop (INDECISIVE) - After high entry price, cut position when price drops. Then buyback when price goes up again.
3) Greed (IMPATIENT) - Want to maximize profit 50%-100%.
4) Too many stocks in hand (UNORGANIZE) - Buy Buy Buy which ends up holding 10 stocks at 1 time.
These are major killers.
Your trading performance will improve with following simple adjustment.

1) Hunting 1 rabbit is easier than hunting 12 rabbits at once.
Focus on a few stocks only. Do not focus more than 10 stocks in your watchlist per week (Unless you are experience trader
and able to manage big portfolio). Hold not more than 5 stocks at a time. 5 are still too many. Holding too many stocks is very
dangerous.
2) Plan to Trade or Plan to Fail

This is the most important advice which will transform your trading performance. The plan must include what Sectors you
want to trade. What strategy (Hit and Run, Hold, BoD, BoB)? Turtle System only gives you a clearer picture of a stock. But you
need to know where your Entry Point, Stop Loss and Profit Target. What are your rules? You need to have a detail plan. Most
of the time, it's easy to enter, but we do not know where to exit. Trade without a plan is a plan to fail.
Avoid This
Probabilistic mindset pertaining to trading consists of five

fundamental truths.
Anything can happen.
You don’t need to know what is going to happen next in
order to make money.
There is a random distribution between wins and losses for
any given set of variables
An edge is nothing more than an indication of a higher
probability of one thing happening over another.
Apply This
Every moment in the market is unique.
End

Turtle Indicators: by Kgyeo

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Turtle Indicators: by Kgyeo

Uploaded by

Copyright:

Available Formats

Turtle Indicators

SLOW Turtle Resistant

SLOW Turtle BUY SIGNAL

SLOW Turtle Support

SLOW Turtle SELL SIGNAL

Turtle TREND SELL

Turtle TREND BUY

Price Above Ribbon = Bullish

Ribbon based on 50MA

Price Below Ribbon = Bearish

Green Bars Blue Bars

GREEN BAR = BULL is stronger than BEAR (BULL Environment)

OB / -ve Monitor Strong Sell

Bull Momentum Increase

Buy on Dip Signal

Green Bar = Retail Volume

Yellow Bar = Hot Money

Strong Banker Bar Weak Banker Bar Banker controlling

Green Bar > 50% 75%

Banker become strong

Banker Moving Average

Banker Moving Average (BMA)

GOLDEN CROSS (Price UP)

Banker Moving Average (BMA) At the TOP

Meaning : Banker is in control as compared to Retailer

MCDX Offset is to control the

Lower Offset Value will

HotMoney colour will change

Timeframe Offset Value

Momentum turning Upward

Use for Banker Spike up/down 10% Alert

Volume Based MCDX

RSI Based MCDX

Below the RIVER

Trend Change to RED

Trend Change to GREEN Moving Average Rainbow

Another usage of Deviation Expert is to detect divergence

Below 0 = Bearish Region

Current Stock Status

Settings table shows

The current configuration is

• LONG near SUPPORT or KEY LEVEL

Turtle Trend trigger AUDCAD Short alert

Short 0.95964 -> 0.95420 (50+ Pips)

Fast Turtle At Support

Momentum Change to Upward

Trend Expert Change to GREEN

Slow Turtle Buy on Breakout

+3000 pts (+38%)

Your trading performance will improve with following simple adjustment.

2) Plan to Trade or Plan to Fail

Probabilistic mindset pertaining to trading consists of five

Every moment in the market is unique.

You might also like