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Published:

2018.04.18 16:55

TAT.mq5 (16.57 KB) view

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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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20063

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TAT (Trend Analyzer Tool) - indicator for MetaTrader 5