Summary of 📌 Tarzan Arrows Indicator for MetaTrader 4/5 – [TradingFinder]

The video presents the Tarzan Arrows Indicator for MetaTrader 4 and 5, available on the Trading Finder website. This indicator is an advanced tool combining elements of the RSI (Relative Strength Index) and Moving Average indicators to generate buy and sell trading signals based on crossovers.

Main Financial Strategies and Market Analysis:

• The indicator identifies buy signals when the RSI line crosses above the Moving Average line.
• It generates sell signals when the RSI line crosses below the Moving Average line.
• Signals are visually displayed as arrows on the chart (blue for buy, red for sell).
• The indicator also features a channel or corridor around the Moving Average, indicating the range or volatility zone.

Key Features and Functionalities:

• An oscillator window appears below the price chart when the indicator is loaded.
• Alerts can be enabled to notify traders of buy or sell signals.
• Alerts can be sent via:
  • On-screen pop-ups
  • Email (requires prior email setup in MetaTrader)
  • Mobile notifications
• Customizable alert messages and subjects.
• Adjustable settings for:
  • RSI calculation period (default 5)
  • Price type used for calculations (close, open, high, low, etc.)
  • Moving Average period (default 50)
  • Moving Average method (simple, exponential, smoothed, linear weighted)
  • Corridor distance from the Moving Average (default 5)
  • Colors for buy and sell signals

Step-by-Step Guide to Use the Indicator:

• Download the indicator file from the Trading Finder website for MetaTrader 4 or 5.
• Open MetaTrader and drag the indicator from the navigator section onto the chart.
• Configure input settings as desired, including alert preferences and calculation parameters.
• Monitor the oscillator and arrow signals for trade entry points.
• Use alerts to stay informed about new trading signals without constantly watching the screen.

Presenters/Sources:

• The tutorial is provided by Trading Finder via their YouTube channel.

Category

Business and Finance

Video