IdeasFromNelson trading dashboard
Turtle Trade Entry Scanner
55-day breakout candidates with 20-day exit levels. Built to identify liquid US stocks that are setting up for, triggering, or already following a Turtle-style long trend system.
This is a technical scanner, not a prediction engine or automatic buy signal. It identifies stocks matching a Turtle-style breakout structure. Entries, sizing and risk remain the user’s responsibility.
Fresh Breakouts
Potential entries now. These have recently closed above the previous 55-day high and are not too far beyond the trigger.
Near Breakouts
Set alerts / stalk list. These are close to the 55-day trigger but have not confirmed an entry yet.
Active Trends
Already in trend. Useful for study or tracking, but usually not the priority for new entries.
Extended
Strong but probably late. These may have good momentum, but the distance from entry or exit risk is less attractive.
How to read this scanner
55-day breakout
The central entry idea is simple: a stock becomes interesting when it closes above the highest high of the previous 55 trading days. The scanner excludes today from that high so the stock must break a level that already existed before the current candle.
20-day exit level
The Turtle-style long exit is a close below the previous 20-day low. This level also excludes today, so the exit is based on a known prior low rather than a level being created by the same candle.
Closing confirmation
The scanner uses closing prices rather than intraday spikes. That avoids treating a temporary wick above resistance as a confirmed breakout, though it also means some fast moves will be noticed after the close.
Trend structure
Price above the 50SMA and 200SMA helps filter for stocks already showing strength. A positive 50SMA slope helps avoid breakouts occurring inside weak or sideways structure.
Volume and OBV
Rising OBV and improving volume suggest accumulation behind the move. They are not proof, but they help separate healthier breakouts from thin or unsupported pushes.
RSI and ADX
RSI around 50–75 is preferred because it shows momentum without being wildly stretched. ADX above 20 is useful, and above 25 is stronger, because it suggests the trend has measurable force.
ATR and risk-to-exit
The entry is only half the trade. The scanner measures the distance to the 20-day exit and compares it with ATR. A valid breakout can still be a poor entry if the exit is too far away.
Extended stocks
Extended names may keep rising, but they are usually worse fresh entries because the stop is further away and the easy breakout point has already passed. They are better for study or watchlist tracking than chasing.