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TARZAN MT4 Indicator

November 3, 2011, Posted in All Topics, MT4 Indicators Comments: One comment

Tarzan is a trend indicator based on moving averages and RSI.

Input parameters:

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-Time Frame = 60; the period of the diagram can be any of the following sizes:

1 – 1 minute;5 – 5 minutes;15 – 15 minutes;30 – 30 minutes;60 – 1 hour;

240 – 4 hours;1440 – 1 day;10080 – 1 week;43200 – 1 month;0 (zero) – Period of the current chart.

-RSI=5; period of RSI indicator.

-Applied RSI=0; the used price. There can be any of price constants:

0 – Close price;1 – Open price;

2 – High price;3 – Low price;4 – Average price, (high+low) /2;5 – Typical price, (high+low+close) /3;6 – Weighed price of closing, (high+low+close+close) /4.

-MA=50; period of Moving Average indicator.

-Method MA=0; – a method of averaging. Can be any of meanings(importance) of methods sliding average (Moving Average):

0 – Simple moving average;1 – Exponentially smoothed moving average;2 – Smoothed moving average;3 – Linearly weighed moving average.

-Koridor = 5; a threshold of an envelope.

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How To Trade With Tarzan:

Buy Signal: When Tarzan indicator (square) turns to green.

Sell Signal: When Tarzan indicator (square) turns to red.

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Download TARZAN MT4 Indicator

Tags: MT4 Indicator, TARZAN

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