Taishan Arrow Indicator for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Taishan Arrows indicator for the MetaTrader 4 platform identifies bullish and bearish trends in markets such as Forex and cryptocurrencies using the Relative Strength Index (RSI) and moving averages.

This binary indicator compares the strength of the current trend to the strength of the previous trend and draws a channel on the RSI line as a warning signal to enter or exit a trend trade.

Taishan Arrow Indicator Table

General specifications for Tarzan Arrows indicators are shown in the table below:

Indicator overview

The Taishan Arrow Indicator is a combination of the RSI and its moving averages, using colored channels to show market conditions. The oscillator works as follows:

• RSI Channel Creation : This channel is formed using the RSI moving average and the upper/lower tracks around it. This is a valid area for RSI fluctuations;
• RSI Enters Channel : When the RSI line enters a channel (from above or below), it indicates a shift in trend strength;
• Channel color changes : entry from below generates a bullish signal (green block), entry from above generates a bearish signal (red block).

Indicators in a Bullish Trend

On the 5-minute chart of the EUR/USD pair, when the RSI line, which was previously below the lower band, re-enters the channel from below, it signals that selling pressure is waning and a price reversal is possible.

In this case, the channel turns green, indicating increasing bullish momentum in the market.

Indicators in a Bearish Trend

The price chart below shows the 1 minute time frame of the XAU/USD (Gold Spot) Index.

When the RSI line moves above the upper rail and then re-enters the downward channel, it indicates that buying pressure has weakened and a price correction or trend reversal has begun.

At the same time, the channel turns red, indicating increasing bearish momentum and the opportunity for short positions.

Tarzan Arrow Indicator Set

The indicator settings panel is as shown below:

• ALERT :Alert;
• EMAIL : email notification;
• NOTIFICATION : App Notification;
• MESSAGE SUBJECT : Alert message title;
• RSI Period : Show RSI Period;
• Applied Price : Close Price;
• MA Period : moving average period;
• MA Method : moving average type;
• Koridor : Channel Width;
• Up Arrow Color : Bullish arrow color;
• Down Arrow Color : Bearish arrow color.

Conclusion

The Tarzan Arrows indicator assesses trend strength and identifies potential market turning points by comparing the RSI to its moving average .

The color change of the channel and the display of blocks indicate momentum entering or exiting a trend. This tool is practical and reliable for identifying buy/sell signals on all time frames.