schaff_cycle_ind

Function Name: schaff_cycle_ind

Tags: Oscillator

Category: Momentum

The Schaff Cycle Indicator is a modified MACD line run through a modified stochastic algorithm smoothed with Wilders' smoothing to calculate the final STC indicator.

It helps to identify:

1. Direction a Trend Cycle is moving.

2. Tops and Bottoms within a Trend Cycle.

When the Schaff Trend Cycle Indicator is declining, the trend cycle is falling and prices tend to stabilize or follow the cycle down. When the STC is rising, the trend cycle is rising and prices tend to stabilize or follow the cycle higher.

 

Author: Doug Schaff

Source: http://www.cmsfx.com/en/trading-software/vt-trader-features/many-technical-indicators/schaff-trend-cycle/

 

MAShort
	Default Value: 23  |  Minimum: 2  |  Maximum: 99999
	Type: Numeric
MALong
	Default Value: 50  |  Minimum: 2  |  Maximum: 99999
	Type: Numeric
Cycle
	Default Value: 10  |  Minimum: 2  |  Maximum: 99999
	Type: Numeric