TAR Z A N
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use TAR Z A N
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Trend indicator.
Input parameters:
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.
RSI=5;
period of RSI indicator.
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.
MA=50;
period of Moving Average indicator.
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.
koridor = 5;
a threshold of an envelope.
