Tarzan

Tarzan is a powerful VertexFX client side indicator that provides precise entry and exit signals based on market cycles. The concept behind this indicator is to identify market cycles based upon a combination of the two popular indicators Relative Strength Index (RSI) and Simple Moving Average (SMA).

At first step, we calculate the Relative Strength Index (RSI) based on the PRICE FIELD and RSI METHOD. The blue line is a RSI indicator. Then we calculate the Simple Moving Average (SMA) of the Relative Strength Index (RSI). It is a line of red and green (channel in the form of red and green dots).

The indicator is built in a separate window. It consists of the blue line and the channel in the form of red and green dots with the channel. The boundaries of the channel formed by two lines of pink color.

Trading using Tarzan indicator .

When the channel color rectangle turns into green and the blue indicator line rises above the upper boundary of the channel then it will be a signal to buy.
When the channel color rectangle turn into red and the blue line has fallen below the lower boundary of the channel then it is a signal to sell.

Recommendation.

The indicator shows a very good all in trends ,but in the flat may appear false signals, so it is best used in conjunction with other indicators. Tarzan may operate on different time intervals.

Indicator Parameters:

RSI (default = 5) – averaging period for the calculations;
applied_RSI (default = 0) – what price used for calculation (0 – closing 1 – opening 2 – maximum 3 – Minimum 4 – average 5 – typical, 6 – weighted closing);
MA – (default = 50) averaging period for the moving
method_MA (default = 0) – averaging method
koridor (default = 5) – envelope threshold

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.