Targets For Overlay Indicators

Targets For Overlay Indicators projects profit targets whenever price crosses an overlay you select, a dual-target design with one level for crossover events and another for crossunders. Point it at a moving average, a band, or a trailing stop, set the distance, and every cross produces an actionable level, with alerts covering both newly established and reached targets.

How to Trade the Targets For Overlay Indicators?

• Crossover target: printed when price crosses over the source, framing take-profit placement for the move that follows.
• Crossunder target: the mirror level when price crosses under the source.
• Support and resistance: targets are horizontal, so they can act as support or resistance, and a decisive break through one may hint at an emerging trend.
• Dashboard: the top-right panel shows target counts plus reach rates for target 1, target 2, and overall.

Trailing stops such as volatility stops produce clean crosses, moving averages generate more frequent targets, and band-style tools are best covered by applying the indicator twice: crossover targets on the upper band, crossunder on the lower.

Targets For Overlay Indicators Settings

• Source: the overlay series whose crosses with the closing price trigger targets.
• Above Price Target: places that target type above closes when enabled.
• Wait Until Reached: defers new targets until the current one is hit.
• New Target When Reached: spawns the next target the moment one resolves.
• Evaluate Wicks: uses highs and lows rather than closes to judge hits.
• Target Distance From Price: set in currencies, percentages, ATR, or ticks, with Show Target Labels and Candle Coloring handling presentation.

Frequently Asked Questions

Which overlays work best with it?

Can one target be treated as entry and the other as exit?

Where do I get it, and what if my source is not an overlay?