Tarzan RSI Channel Signals and Color Zones

Summary

Tarzan is described as an RSI indicator combined with a smoothed channel. The channel’s central line is derived by applying a moving average method to the RSI, and configurable offsets define its upper and lower boundaries. The indicator marks an upward signal when RSI crosses into the channel from below and a downward signal when it enters from above.

Its colors distinguish those entry signals from RSI positions elsewhere: the central line changes color with entry direction, while RSI within the upper or lower channel regions receives separate colors. Values beyond the channel boundaries are shown in a muted tone and correspond to the stated overbought or oversold zones. The user can adjust the RSI period and price input, smoothing period and method, and the two channel offsets. The description explains display and calculation settings but gives no trading rules for acting on signals, parameter values, validation, or performance evidence; the indicator alone does not establish profitability.

Key ideas

• The indicator smooths RSI to create a central channel line.
• Upper and lower channel boundaries are set by offsets from the central line.
• RSI entering the channel from below or above triggers a directional arrow.
• Colors distinguish entry signals, channel zones, and readings beyond the channel.
• The description provides no tested strategy or evidence of signal performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.