Tarzan Arrows Indicator

Tarzan Arrows Indicator

Tarzan Arrows Indicator For MT4 compares the current trend strength with the previous one and shows up and down arrow forex trading signals using RSI and MA.

The Tarzan Arrows indicator for MT4 uses the RSI and its moving average to identify the bullish and bearish forex market trend. Additionally, it draws arrows to provide trend trading signal alerts by comparing the current trend strength with the previous one. So, forex traders can enter and exit the market on time.

The indicator is a simple arrow based indicator and is suitable for new and advanced forex traders. Moreover, it works well in all chart time frames and is useful for scalping, short and long-term forex trading strategies. Furthermore, traders can use this indicator to formulate (mtf) multi time frame trading strategies.

Tarzan Arrows Indicator For MT4 Trading Signals

The indicator plots green and red bars within a channel. This channel is formed by the RSI and moving average of the RSI with an upper and lower band. Yellow line indicates the RSI of the chart time frame as input in the indicator settings.

If the RSI line enters the channel in the upward direction a green up arrow is plotted on the price chart and the indicator channel turns green. Similarly if the RSI enters the channel in the downward direction a red down arrows appears on the chart. Additionally, the indicator channel turns red.

So, the trading strategy is to enter and exit the markets according to the direction of the arrow.

Conclusion
In summary, the Tarzan Arrows MetaTrader indicator determines the up or downtrend of the forex market by comparing the trend strength. Additionally, traders can download this indicator for free and install it easily.