Turtle trading

A minimal breakout trend following indicator (Turtle trading). Entry is on the break of a Donchian channel and exit is on the reversal at a shorter-term Donchian channel (trailing stop).

Entry levels are hidden in an active trend, and only the active exit level is shown. Levels and entry/exit markers can be shown or hidden independently.
Release Notes:
Added labels for entry price levels.
Release Notes:
Added labels for the active trailing stop level.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?