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Turtles

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Summary: The Turtles Data Mine features the famous System 1 trading indicator as created by Richard Dennis and Bill Eckhardt in the early 1980s.
Turtles on the Charts
This trading system is a trend following system that attempts to catch a breakout. It is similar to a Donchian Breakout strategy.
The classic turtles system contains the following rules:
  • 1.) Entry: Buy when the price breaks above the 20 day high
  • 3.) Trailing stop loss 10 day low
This indicator can be used in many timeframes, but as always with these types of indicators, the higher will give fewer false signals.
The length of the entry and exit ATR calculation can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "Turtle S1" Product Definition.
The following properties are available to access:
Product Name Product Variable Properties
Turtle S1 turtleS1 direction, entryLow, entryHigh, exitLow, exitHigh, trend, exit, direction
Example:
The turtle MFI could be used to enter a trade when the price action crosses above the trend value:
 chart.at04hs.candle.close > chart.at04hs.turtleS1.trend && chart.at04hs.candle.previous.close < chart.at04hs.turtleS1.previous.trend
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1. Turtles