Schaff Cycle Signal

schaff_cycle_sig

Function Name: schaff_cycle_sig

Tags: Oscillator

Category: Momentum

The Schaff Cycle Indicator is a modified MACD line run through a mofidied 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/

 

Parameters

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

ShowTraderBar

 

Default Value: 0

 

Type: Boolean

ShowTraderMark

 

Default Value: -1

 

Type: Boolean

ShowEachOccurrence

 

Default Value: 0

 

Type: Boolean

UseBullishSignals

 

Default Value: -1

 

Type: Boolean

UseBearishSignals

 

Default Value: -1

 

Type: Boolean