Tabajara VWAP Ogro RSJ and Tabajara Ogro for MetaTrader 5: user manual

Tabajara VWAP Ogro RSJ and Tabajara Ogro are two free indicators for MetaTrader 5 based on the Tabajara setup, created by the Brazilian trader André Machado, known as the "Ogro of Wall Street". Both color the candles to show the trend and which type of trade to look for, on any symbol. Tabajara Ogro uses the 20-period simple moving average (SMA 20) all day; Tabajara VWAP Ogro RSJ starts the day with the VWAP and switches to the SMA 20 at a time you choose. This manual covers both.

What the candle colors mean

Each candle is compared with the reference line (the SMA 20, or the VWAP in the first part of the day in the VWAP version) and its direction:

• Green: price rising in an uptrend (look for buy entries).
• Black: correction in an uptrend (look for buy entries).
• Red: price falling in a downtrend (look for sell entries).
• White: correction in a downtrend (look for sell entries).

The indicator paints the green and red candles. Black and white candles, and candles with no clear trend, keep the chart's own candle colors. To see the setup as designed, open the chart properties (F8), Colors tab, and set the bearish candle to black and the bullish candle to white. Use the candlestick chart mode (Alt+2).

Lines on the chart

• SMA 20: thick line, green while rising, red while falling, black when flat. In both indicators.
• VWAP (Tabajara VWAP Ogro RSJ only): daily VWAP, restarted at the beginning of each day, dashed, with the same colors (green rising, red falling, black flat). It uses the real volume when the broker provides it, otherwise the tick volume.
• EMA 8: orange line (short term).
• LWMA 20: thin dash-dot line in tomato red (short term).
• SMA 50: light blue line (medium term).
• EMA 80: blue line (medium term).
• SMA 200: black dashed line (long term).

Differences between the two indicators

How to add them to the chart

• Open the Navigator (Ctrl+N), expand Indicators and then Market, and find Tabajara Ogro or Tabajara VWAP Ogro RSJ.
• Drag it onto the chart (or double-click it).
• In the Inputs tab, adjust the values if you wish and click OK.
• Use only one of the two on the same chart, since both paint the candles.

Inputs: Tabajara VWAP Ogro RSJ

Group Tabajara VWAP/SMA20 Configuration

• Start day managing of colors by VWAP?: default true. When on, from the start of the day until the change time the candles are colored by the VWAP, and after it by the SMA 20. When off, the candles are colored by the SMA 20 all day, as in Tabajara Ogro.
• Change managing of colors to SMA20 at:: default 10:40. Time (hours:minutes) at which the coloring switches from the VWAP to the SMA 20. It is the chart time (the broker's server time), not your computer's time.
• Show SMA20 before change time?: default false. When off, the SMA 20 line is hidden before the change time and appears after it. When on, the SMA 20 line is shown all day.
• Show VWAP after change time?: default false. When off, the VWAP line disappears after the change time. When on, the VWAP line is shown all day.

Group Other moving averages

• Show LWMA 20 Periods?, Show SMA 50 Periods?, Show EMA 80 Periods?: default false for each. They show the LWMA 20, SMA 50 and EMA 80 lines. In this indicator the EMA 8 and SMA 200 lines are always shown.

Inputs: Tabajara Ogro

Group Short Term Moving Averages

• Show SMA 8 Periods?: default false. Shows the orange EMA 8 line (the label says SMA, but the line is the 8-period exponential average, listed as EMA 8 in the Colors tab).
• Show LWMA 20 Periods?: default false. Shows the LWMA 20 line.

Group Middle Term Moving Averages

• Show SMA 50 Periods?, Show EMA 80 Periods?: default false for each. They show the SMA 50 and EMA 80 lines.

Group Long Term Moving Averages

• Show SMA 200 Periods?: default false. Shows the SMA 200 line.

The candle colors and the SMA 20 line are always on.

Colors and line styles

In the Colors tab of each indicator you can change the color, width and style of every line:

• Candles Colors: three colors: green (rising in an uptrend), red (falling in a downtrend) and a third one set to None. Keep the third one as None so the other candles keep the chart's colors; if you give it a color, all those candles take that color.
• SMA 20 and VWAP: three colors each, for rising, falling and flat.
• EMA 8, LWMA 20, SMA 50, EMA 80, SMA 200: one color each.

Tips and frequent questions

• Only green and red candles? That is expected: the other candles use the chart's own colors. Set them as explained above.
• Which symbol and timeframe? Both work on any symbol and timeframe. The VWAP restarts every day, so Tabajara VWAP Ogro RSJ is meant for intraday charts.
• The change time does not match my clock. The time is the chart (server) time. Look at the time of the candles on the chart and set the input accordingly.
• The values of the SMA 20, the VWAP and the visible averages appear in the Data Window (Ctrl+D).
• They are indicators only: they never open, close or change orders, and they have no alerts.

Download

• Tabajara VWAP Ogro RSJ: free.
• Tabajara Ogro: free.

Questions and suggestions: send me a private message through my MQL5 profile.

Trading involves risk of loss. The indicators show market information; they do not forecast prices and offer no guarantee of results.