This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v5 · On the chart
Target Trend [BigBeluga]
Target Trend is a trend-following overlay indicator that determines market direction using ATR-adjusted simple moving average bounds.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code205
Settings2inputs
LicenceNone stated
Last update9 months ago10 Jan 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Target Trend [BigBeluga] calculates upper and lower channel boundaries based on SMA calculations of high and low prices offset by a smoothed ATR value. A bullish trend is triggered when price crosses above the upper boundary, while a bearish trend occurs when price crosses below the lower boundary. The script dynamically projects visual target lines and labels on the chart based on current volatility. Settings allow users to customize the trend length and target calculation adjustments.
- ATR-adjusted SMA trend channels
- Dynamic target line and label projections
- Customizable trend length and target offsets
- Confirmed crossover trend detection
Details
Published by
webcrack4 on GitHub
Code credit
BigBeluga, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Support & resistance, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trend Length | int | 10 | length |
| Set Targets | int | 0 | target |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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