The invention discloses an escalator step chain and a step overall installation method. A tool is installed in a proper position; a hoist is used for driving a traction belt to pull the step chain to enter an advancing guide rail in an escalator truss along a fixed guide rail and a transitional guide rail, and the step chain and steps are assembled into a whole in the process; then, the step chain and the steps are distributed full in a back guide rail in the truss by using the steering of upper chain wheels of an escalator; and finally, corresponding components are removed. The invention also discloses a tool equipment used in the method, comprising a tool base, a chain box, a vehicle stopper, the fixed guide rail, a control switch, a step positioner, a first transitional guide rail, an electrical control box with PLC (programmable logic controller) and the like. The invention has the advantages of safety, reliability, time saving and labor saving in implementation, reduces operational danger and labor intensity, saves labor cost and operational time, and enhances working efficiency.