Various devices for diagnosing arrester soundness are suggested, and most of them simply measure magnitude of leakage current. However, such kind of devices do not provide detailed information needed for the diagnosis. In this study, we designed and fabricated a new arrester analyzer by means of measuring the magnitude, the phase vs. wave height and the harmonics of total leakage currents. The analyzer is composed of a current detector, an optical linker, and a main device operated by a microprocessor. The main device is connected with leakage current detector optically not to be influenced by electromagnetic interference. The analyzer developed measures only total leakage currents, but analyzes most parameters needed for the arrester diagnostics.