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Targets For Many Indicators

By LuxAlgoNov 30, 2023

Targets For Many Indicators is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

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, ATR multiples, ticks, or a multiple of an external value.
  • 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 to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.