This is the first forward-looking indicator on TradingView!
A normal moving average indicator will use two averages of differing lengths, referred to as “fast and slow” or “short and long” moving averages, to identify trends and potential trades.
The Smart Target indicator uses the average trade profitability and trade duration of a moving average strategy to determine a forward-looking target that is specific to the chart that it has been applied to.
Every historical trade is considered when the indicator determines the future price target of an asset and the accuracy will improve with time as new trade data is continually introduced.
Indicator Utility
If the fast-moving average crosses above the slow, a blue target will appear. A red target will appear when the fast-moving average crosses below the slow.
The target will never change once it has been plotted and will not repaint in any way which means that it is fully functional for trading in real-time.
Input Values
The period length of the two moving averages will need to be determined by the user and can be changed in the indicator settings panel.
View the full documentation on this indicator at this link: kenzing.com
The first forward-looking indicator that actually provides an indication of direction and with a time-element to increase precision.
colicoid
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Looks very interesting. Is it possible to try this or is it a "pay to try" thing still?
YasinDuran
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If you give me access, I would love it
pocket13
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Hi Grant, this looks like an interesting script. I read the pdf and emailed you through your site, asking if you accept PayPal, but haven’t heard back. I’d love to try it and possibly buy. It’s cool that you offer a monthly trial of all scripts for $50. Anyway, do you have recommended settings for this Smart Target indicator (for the two MA lengths)? It looks like you are using 30, 60 in the screenshot above and 23, 30 in one of the settings screenshots on your site. Thanks!
GrantPeace
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@pocket13, Hi, Sorry about the late response. I don't have any recommended lengths as each symbol and time frame will require a different combination. Do look at the Optimised Moving Average as it will always tell you what the most profitable lengths are for the current symbol and timeframe.
pocket13
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@GrantPeace, thanks! I finally got my credit card to work with your site and am excited to experiment with the Smart Target indicator. I was having some trouble trying to reset my password with the first email I used (when the card failed) and haven't received any confirmation emails yet. I also emailed you twice through your website but never heard back. My order number 2284 and pocket13 is the Tradingview account I'd like to use with indicator. I appreciate your help and may explore the one month trial for your other tools if this first one goes smoothly.
Really?
tradingview.com/script/aERsVfMF-RESEARCH-SMA-Crossover-Prediction/