Targets For Many Indicators
By LuxAlgoNov 30, 2023
Targets For Many Indicators turns any relationship between two series into managed price targets on the chart. Choose from more than thirty built-in sources (moving averages, RSI, MACD, Bollinger Bands, Supertrend, VWAP and more) or wire in external indicators, define the condition linking Source A and Source B, and the tool projects a target at your chosen distance every time it fires.
How to Trade the Targets For Many Indicators?
- Condition fires: when Source A and Source B satisfy your rule (CrossOver, CrossUnder, Cross, or Equal), a target prints at the configured distance from price.
- Long Position Target: enabled, targets sit above the current price; disabled, they project below it.
- New Target When Reached: generates a fresh target automatically each time one is hit, keeping levels flowing without manual resets.
- Wait Until Reached: holds back new targets until the active one resolves, favoring fewer, longer-horizon levels.
- Dashboard: the panel at the top right tracks target counts and reach rate.
Because targets are horizontal levels, they can also double as reference support or resistance.
Targets For Many Indicators Settings
- Source A / Source B: the two series compared, built-in or external; multi-input indicators take comma-separated values, with red guidance text flagging malformed entries.
- New Target Condition: CrossOver, CrossUnder, Cross, or Equal.
- Target Distance from Price: expressed in currencies, points, percentages, ATR multiples, or ticks.
- Evaluate Wicks: judge target hits using high/low prices instead of closes.
- Show Target Labels and Candle Coloring: label targets on the chart and tint candles by the latest activation.
Frequently Asked Questions
Free indicator
Get free access to this indicator on the platforms below.
TradingView
NinjaTrader
MetaTrader 4/5
Original indicatorBuilt in-house by LuxAlgo
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