TARZAN+ALERT Indicator

Name: TARZAN+ALERT
Download: TARZAN+ALERT.mq4 (7.0 Kb)

Description:

Improved version of TARZAN trend indicator. The function "ALERT" is added.

Input parameters:

Alert_ = true; To switch on or to switch off an alarm.
TimeSleep_Alert = 120; Delay of time in seconds between signals of an alarm.

1. TimeFrame = 60; the period of the diagram can be any of the following sizes:

• 1 - 1 minute;
• 5 - 5 minutes;
• 15 - 15 minutes;
• 30 - 30 minutes;
• 60 - 1 hour;
• 240 - 4 hours;
• 1440 - 1 day;
• 10080 - 1 week;
• 43200 - 1 month;
• 0 (zeroes) - Period of the current chart.

2. RSI=5; period of RSI indicator.

3. applied_RSI=0; the used price. There can be any of price constants:

• 0 - Close price;
• 1 - Open price;
• 2 - High price;
• 3 - Low price;
• 4 - Average price, (high+low) /2;
• 5 - Typical price, (high+low+close) /3;
• 6 - Weighed price of closing, (high+low+close+close) /4.

4.MA=50; period of Moving Average indicator.

5. method_MA=0; - a method of averaging. Can be any of meanings(importance) of methods sliding average (Moving Average):

• 0 - Simple moving average;
• 1 - Exponentially smoothed moving average;
• 2 - Smoothed moving average;
• 3 - Linearly weighed moving average.

6. koridor = 5; a threshold of an envelope.

Source: Codebase.mql4.com