The Tarzan Arrows indicator for MT4 is a trend-following tool that uses the RSI and its moving average to detect bullish and bearish market trends. It provides arrow-based signals directly on the price chart, helping traders to enter and exit trades at the right moment based on Trend Strength comparison.
This indicator is suitable for both new and advanced forex traders. It works effectively across all chart timeframes, making it useful for Scalping, intraday, and long-term strategies. Additionally, it can be incorporated into multi-timeframe (MTF) trading strategies.
How It Works
- Indicator Components:
- RSI line: Yellow line (based on the selected chart timeframe)
- Channel: Formed by RSI and its moving average with upper and lower bands
- Arrows:
- Green up arrow: RSI enters the channel upward → bullish signal
- Red down arrow: RSI enters the channel downward → bearish signal
- Channel color: Changes to green for bullish trends and red for bearish trends
- Signal generation:
- When the RSI enters the channel upwards, a green arrow appears, and the channel turns green.
- When the RSI enters the channel downwards, a red arrow appears, and the channel turns red.
Trading Strategy
- Follow the arrows plotted on the price chart:
- Buy Trade: Green up arrow → Enter long position with stop loss below previous swing low.
- Sell Trade: Red down arrow → Enter short position with stop loss above previous swing high.
- Exit positions when an arrow in the opposite direction appears or according to your risk-reward strategy.
- Combine with multi-timeframe analysis for higher probability trades.
Benefits and Features
✔ Easy-to-read arrow-based signals
✔ Shows trend direction and strength via RSI channel
✔ Works on all timeframes from M1 to monthly
✔ Suitable for scalping, intraday, and long-term trading
✔ Can be used for MTF strategies and automated trading
✔ Simple interface, easy for new traders to follow
Conclusion
The Tarzan Arrows indicator for MT4 is a straightforward trend-trading tool that identifies bullish and bearish market conditions using RSI and its moving average. The green and red arrows provide clear entry and exit signals, allowing traders to act quickly and efficiently.
