Tarzan - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Tarzan oscillator is a standard RSI whose channel has a centerline that changes color based on the position of the RSI line relative to the channel:
The center line of the channel is calculated by the RSI line smoothing method and adding/subtracting the indentation of the upper and lower borders of the channel on both sides.
The indicator has six input parameters:
Attachment download
📎 tarzan.mq5 (15.77 KB)
Source: MQL5 #20938
Tarzan - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Tarzan - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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