TAT (Trend Analyzer Tool) – indicator, conversion code mq5 to prorealtime
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Good day,
This is a mq5 file. Hope you can help. All credits to the original developer.
As per site:
” 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.
Regards,
Segie
Already been translated from MT4 code version, can be found here: https://www.prorealcode.com/prorealtime-indicators/tat-indicator/
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