Schaff Trend Cycle indicator




Schaff Trend Cycle indicator Forex


Forex MT4 indicator b-clock Download indicator: Schaff_Trend.mq4

Forex MT4 indicator b-clock Download indicator: Schaff_Trend_Cycle_mtf.mq4


Schaff Trend Cycle


The Schaff Trend Cycle Indicator (STC) by Dough Schaff, was developed to improve upon the speed and accuracy of the MACD indicator when it comes to identifying trends. It uses a MACD Line (the difference
between two exponential moving averages) through a reworked stochastic algorithm.

What we get is a faster cycle identifier - an great aid in identifying trend changes and finding faster entries and exits.

Let's compare charts with Schaff Trend Cycle Indicator and MACD.

Schaff Trend Cycle indicator

The signals about the trend change come fairly close to each other, often at the same time (red vertical lines). But on separate occasions, Schaff Trend Cycle will be faster (green vertical line).

How to trade with Schaff Trend Cycle


Schaff Trend Cycle indicator

Schaff Trend Cycle (STC) oscillates in between 0 and 100 scale.
The 25 level is called a Buy level, the 75 - a Sell level.
The default settings for STC are (10, 23, 50).

Buy Entry:

1. While indicator stays below the 25 - the downtrend is in progress.

2. Once it crosses up above the 25 level - it's the first warning of a changing trend:
place a pending Buy order above the corresponding candle on a chart.

3. Wait for the Buy order to be filled. If the order is not filled, and the price continues lower - not a problem. Keep the pending order further while observing Schaff Trend Cycle behavior and new signals.

Opposite true for Sell entries, where the indicator has to cross the 75 level down to send a signal about a trend change setup.

Forex MT4 indicator b-clock Download the Manual: Schaff_Trend_Cycle.pdf

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Comments

The MACD is showing 2 different colors for histogram. Is it possible to share?

 

Sure, here you go:
MACD_2_Colour_HISTOGRAM.mq4

 

sir can u explain candle stick

 

This is the basics, check out here: http://www.forex-charts-book.com/

 

sir
is there any setting for 30Mt time frame?

 

Well done, you`ve a unique clear and accurate way in displaying indicators

Thanks and may I ask for harmonic pattern indicator

Thanks again, I hope getting your kind reply

 

any experienced trader tried this indicator and how accurate it is ? would be nice if "pro and cons" section is added to every indicator

 

This is an excellent website to find tons of indicators. BTW, do you have FXS-Trailing Stop indicator by Dough Schaff to download? I've tried to find it everywhere with no avail. Thanks

 

Yes, this site is really excellent when it comes to indicators: their explanation and download, but I've also been searching the FXS-Trailing Stop indicator by Dough Schaff, but I couldn't find it. Anybody knows where to download or to buy it?

 

i am looking of schaff swing indicator, if someone have it please can you post it for me or send it to my email dannymubi@myopera.com
thanks