This is a finger style arrangement of Your Song by Elton John. I used a dropped D tuning and worked it out in the key of D. I like to capo it at the 1st fret. A capo at the first fret changes the key to Eb which is the record key. The capo also shortens the guitar neck and lowers the action which makes it easier to play.

There are two transcriptions here. One shows the standard notion is in D (no capo) and the other in Eb (with capo). The tablature looks the the same on each one as it relates to the capo or nut. So the capo version would show the first fret as an open string, etc..

The chord diagrams are there to help show hand position changes. For the most part they will reflect the the down stem accompaniment notes in the arrangement.

If you read the tablature, still pay attention to the standard notation above it. Look at the up stem versus down stem notes. The up stem notes are the melody. The down stem notes are the accompaniment notes. Dynamically you want to bring the melody notes out stronger. The standard notation also shows you the proper timing of each note.

The video below shows this being played with some variations to reflect some different phrasing in some of the lyrics. I confess I completely played measure 18 different than what is in the transcription – same melody, just different fingering.