Description:
If you’re looking to sharpen your trading edge, the TARZAN indicator for MetaTrader 4 is a trend-following tool that can help you identify market movements more effectively.
Input Parameters:
- TimeFrame = 60; This defines the chart period. You can choose from various timeframes:
- 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 - Current chart period
- RSI=5; This sets the period for the RSI indicator.
- applied_RSI=0; This determines the price type used:
- 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 - Weighted price of closing (High + Low + Close + Close) / 4
- MA=50; This sets the period for the Moving Average.
- method_MA=0; This specifies the averaging method:
- 0 - Simple moving average
- 1 - Exponentially smoothed moving average
- 2 - Smoothed moving average
- 3 - Linearly weighted moving average
- koridor=5; This sets the threshold for the envelope.
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