TAT indicator

TAT indicator

This TAT indicator combines the MACD and the Parabolic SAR and is to be considered as a trend indicator.

A study using the MACD and parabolic SAR revealed that it was interesting to link this with a certain calculation and weighting.

If the TAT indicator upward cuts through its signal line, the trend is upwards. If the TAT indicator crosses the signal line downwards, the trend is negative.

Coded by a request on english forum (link in the indicator code).

Original idea developed by Gerrit Bosboom.

 

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  1. Loop • 04/13/2017 #

    Hi All! Would it be possible to have the same indicator with the MACD calculated with the DEMA average instead of the usual exponential average? Thanks a lot! 

    • Nicolas • 04/13/2017 #

      Why not, but do you think it would make such a noticeable difference?

  2. Loop • 04/13/2017 #

    Good question Nicolas! That’s why I was curious to check it! MACD based on DEMA is usually much faster than standard MACD. However if you think is worthless I trust you. You have much more experience than me for sure! 🙂

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