TA T (Trend Analyzer Tool)
Info
The TA T (Trend Analyzer Tool) is a Indicator for MetaTrader 5 that the indicator is similar to the standard macd, but is calculated using both macd and sar, which enables it to generate confident signals in trend areas. Overbought/oversold levels allow tracking trend reversals or rollback.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use TA T (Trend Analyzer Tool)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The indicator is similar to the standard MACD, but is calculated using both MACD and SAR, which enables it to generate confident signals in trend areas.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Weekend Gap Statistics and Distribution Analyzer - another powerful indicator for MetaTrader 5 traders.
The indicator is similar to the standard MACD, but is calculated using both MACD and SAR, which enables it to generate confident signals in trend areas. Overbought/oversold levels allow tracking trend reversals or rollback. The indicator showed good results on higher timeframes, H1 and above.
Also recommended: Timeframe Quality Analyzer - similar indicator with strong performance on MetaTrader 5.
It has ten input parameters:MACD Fast EMA period
- period of MACD's fast EMA;
MACD Slow EMA period
- period of MACD's slow EMA;
MACD Signal MA period
- period of MACD's signal line;
SAR step
- the step parameter of the standard SAR;
SAR max
- the max parameter of the standard SAR;
MACD multiplier
- MACD multiplier parameter;
SAR multiplier
- SAR multiplier parameter;
TAT Signal period
- indicator's signal line period;
TAT overbought
- overbought level;
TAT oversold
- oversold level. The MACD multiplier and SAR multiplier define the influence of these indicators on the final calculation.
You may also like: XTrendless OS (trendless oscillator) - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.