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HOME > Indicators > ThinkOrSwim > Tarzan Indicator for ThinkOrSwim

Tarzan Indicator for ThinkOrSwim
Indicators, ThinkOrSwim

ThinkOrSwim

The Tarzan Indicator is an innovative ThinkOrSwim indicator designed to combine momentum analysis with dynamic boundaries, providing traders with actionable insights for trend confirmation and breakout signals. Its combination of RSI-like values, moving averages, and customizable "koridor" boundaries makes it ideal for traders seeking clarity in choppy markets.

Key Features of the Tarzan Indicator

  • RSI-like momentum calculation:
    The indicator calculates momentum using a smoothed average of price changes, similar to RSI, and displays the result as a clean line oscillating around the 50-level baseline.
  • Dynamic moving average overlay:
    A customizable moving average of the RSI-like line provides a smooth reference level for trend analysis.
  • Koridor boundaries:
    • The indicator plots upper  and lower boundaries to highlight price ranges.
    • These boundaries act as zones to identify:
      • Yellow Signal: Price breaks above the upper koridor, suggesting bullish momentum.
      • Light Gray Signal: Price drops below the lower koridor, indicating bearish momentum.
      • Neutral Gray: Price remains within the koridor, signaling indecision or consolidation.
  • Breakout signals (optional):
    Traders can enable breakout signals to visualize upward and downward breakouts:
    • Green Arrow Up: Signals when price crosses above the upper boundary.
    • Red Arrow Down: Signals when price crosses below the lower boundary.
  • Customizable inputs:
    • Length: Controls sensitivity of momentum calculation.
    • MA Length: Adjusts the moving average smoothness.
    • Koridor Width: Defines the range around the moving average.
    • Average Type: Supports Wilder’s smoothing or other smoothing methods for flexibility.
    • Breakout Signals Toggle: Enables or disables breakout arrows for cleaner charts.

 

Why Use the Tarzan Indicator from MyIndicators?

The Tarzan Indicator combines the strengths of momentum oscillators, moving averages, and breakout signals into one of the best ThinkOrSwim indicators for traders looking to:

  • Identify bullish and bearish breakouts.
  • Monitor momentum shifts with a dynamic range.
  • Confirm trends using moving average boundaries.

Its visual clarity and customizable features make it ideal for both range-bound and trending markets, simplifying price analysis and improving trade timing.

 

Ready to swing through the markets?
Download the Tarzan Indicator from MyIndicators today and add one of the best ThinkScript tools to your trading strategy!

 


Tarzan Indicator for ThinkOrSwim

Buy Now for only

40.00 USD

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FREQUENTLY ASKED

Questions

Who are we?
My indicators is born as an idea from passionate people that love the market. We are a young team that creates indicators to make trading more productive and efficient. We are 100% Swiss based. Discover our vast collection of indicators and become part of the future of trading.
What do we offer?
We offer a wide range of market indicators designed to improve your trading efficiency and insights into market trends.
How can you join us?
Joining us is easy! Visit our website and sign up to get access to exclusive market insights and indicators.
How much does it cost?
Creating a reliable indicator takes time, that’s why every indicator comes with a particular price. We make indicators for NinjaTrader, MT4, MT5 and TradeStation. If you can’t find your platform, don’t worry, we are probably working on it.

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