@Ali777 Lets start all over for a second and get our facts straight because these things matter.
1) Where is this WD hard drive physically connected? It is to a PC running some OS like Windoze or a PC running FreeNAS software?
2) Yesterday
@Bidule0hm gave you the command to run the long SMART test, post the results once the test completes.
So based on your last posting it appears you have the WD drive in a PC since you could run the WD diagnostics on it. It will be difficult to assist you if the parameters change. So with the counter only going up when the head parks, that is an expected thing and why I recommend using 300 seconds as so to minimize the head parking. Actually on my system I have disabled my head parking on my Red drives and they are going strong and although this is my personal preference, the 300 seconds is very reasonable.
As for the noise, it is very difficult for anyone here or on the internet as a whole to be able to tell you if the hard drive is abnormally loud because I can gauge the volume of that drive noise. All mechanical drives make a small amount of noise, they are not silent, however you will hear claims (even from me) of how my WD Red drives are virtually silent, and trust me, they are, however if I put my ear up to them, well I can head the drive spinning and the head actuator moving but this is still very quiet compared to many hard drives today. And it could be that your drive is a little noisy but if it's working and after the long SMART test we see that the results are fine (see my tagline for the link to SMART results) then maybe your drive is noisy to you.
Getting back to the noise stops after the heads park concern, well that is still odd to me so I would suggest you do something, with the head parking timer set to 300 seconds, and the drive only plugged into a power connector (no SATA data connector), does the drive noise still occur? The idea here is you would power up the drive and the heads would load, during the 5 minutes (300 seconds) the drive would make it's noise and then the heads park and all is quiet again. If you do this test and the noise is present, then there is something going on within the drive moving the head around. It could be some routine housekeeping or like on some drives the heads will sweep across the platters to even out the platter wearing (I've heard this in a WD Purple drive I have).
The ultimate answer here will come from those SMART test results and your judgement call on if you feel the noises are too loud. Too bad you don't have anything to compare it to, like a few other WD Green Drives.
EDIT: If we pursue this specific problem further, I would suggest opening a new thread because this has nothing to do with the head parking timer.