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Target Zone Indicator for ThinkOr Swim
Indicators, ThinkOrSwim

ThinkOrSwim

The Target Zone Indicator is one of the top ThinkOrSwim technical indicators for identifying price targets based on market swings and volatility. By combining recent highs and lows with ATR (Average True Range) calculations, it delivers clear, actionable zones for traders to monitor.

Key Features of the Target Zone Indicator

  • Dynamic target zones:
    The indicator calculates upper and lower target zones based on the most recent swing highs and lows:
    • Upper Target Zone (Dark Green): Derived from the last swing high, adjusted upward using ATR and the customizable Fudge Factor.
    • Lower Target Zone (Dark Red): Calculated from the last swing low, adjusted downward using the same methodology.

These zones help traders identify realistic price targets and areas where momentum may stall or reverse.

  • Adaptive volatility analysis:
    The use of ATR (Average True Range) ensures that target zones adapt dynamically to market volatility. Higher volatility expands target zones, while lower volatility narrows them, making the indicator ideal for both trending and consolidating markets.
  • Clear visual representation:
    • Green Cloud: Highlights the area between the swing high and the upper target zone.
    • Pink Cloud: Shades the area between the swing low and the lower target zone.
    • These visual cues make it easy to identify active target levels and monitor price behavior within those zones.
  • Customizable inputs:
    • Wave Length: Controls how far back the indicator looks to determine swing highs and lows.
    • Fudge Factor: Adjusts the target zone range, allowing fine-tuning based on trading style.
    • Show Target Zones: Toggle visibility of target zones for a cleaner chart.

Why Choose the Target Zone Indicator from MyIndicators?

The Target Zone Indicator is one of the best ThinkOrSwim indicators for traders who need a structured approach to price targets and trend confirmation. By blending swing analysis with volatility-adjusted zones, it provides clear insights into potential price movements, improving entry, exit, and stop placement strategies.

Whether you’re a day trader, swing trader, or position trader, this ThinkScript indicator helps cut through market noise and focus on meaningful price levels.

 

Ready to trade with precision?
Download the Target Zone Indicator from MyIndicators today and add one of the best ThinkOrSwim tools to your trading arsenal!


Target Zone Indicator for ThinkOr Swim

Buy Now for only

45.00 USD

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Who are we?
My indicators is born as an idea from passionate people that love the market. We are a young team that creates indicators to make trading more productive and efficient. We are 100% Swiss based. Discover our vast collection of indicators and become part of the future of trading.
What do we offer?
We offer a wide range of market indicators designed to improve your trading efficiency and insights into market trends.
How can you join us?
Joining us is easy! Visit our website and sign up to get access to exclusive market insights and indicators.
How much does it cost?
Creating a reliable indicator takes time, that’s why every indicator comes with a particular price. We make indicators for NinjaTrader, MT4, MT5 and TradeStation. If you can’t find your platform, don’t worry, we are probably working on it.

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