Schaff Trend Cycle indicator
Download indicator: Schaff_Trend.mq4
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
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.
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 (STC) oscillates in between 0 and 100 scale.
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:
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.
Download the Manual: Schaff_Trend_Cycle.pdf
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