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.
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.
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.