The Turtle Trading Channel Metatrader 4 Indicator
The Turtle channel is an trend following indicator based on the original Turtle trading rules. It provides traders with simple buy and sell rules. The indicator works on any currency pair.
BUY: In uptrends: Open long when the Turtle line turns blue. Exit position when the currency pair hits the dotted up trending exit line.
SELL: In downtrends: Open short when the Turtle line turns red. Exit position when the currency pair hits the dotted down trending exit line.
Use in conjunction with trend analysis tools to determine the primary trend. Don’t use the Turtle channel indicator against the primary trend.
EUR/USD Daily Chart Example