TA T (Trend Analyzer Tool)
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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.
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.
