Schaff Trend Cycle Indicator - Forex Indicators Guide

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The document discusses various technical indicators that can be used to analyze financial markets including trend indicators, momentum indicators, volatility indicators and indicators developed by Bill Williams.

Some of the trend indicators mentioned include the moving averages (EMA, SMA, WMA), MACD, Schaff Trend Cycle, Elliott Waves and Wolfe waves.

The Schaff Trend Cycle indicator uses a MACD line through a reworked stochastic algorithm to identify trend changes faster than the MACD. It oscillates between 0-100 with levels of 25 and 75 indicating buy and sell signals respectively.

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Indicators:
Schaff Trend Cycle indicator
TREND INDICATORS
Advance Decline Line (ADL)
Average Directional Index (ADX)
Average Directional Movement Index Rating
(ADXR)
Bulls and Besrs Power

Commodity Selection Index (CSI)


Double Exponential Moving Average (DEMA)
Heiken-ashi candlesticks
Heiken-ashi ZoneTrade
MACD
Moving Averages (EMA, SMA, WMA)
Parabolic SAR
Percentage Price Oscillator (PPO)
Triple Exponential Moving Average (TEMA)
Triple Exponential Moving Average (TRIX)

MOMENTUM INDICATORS
Accumulative Swing Index (ASI)

Advance Decline Ratio (ADR) Download indicator: Schaff_Trend.mq4


Aroon
Aroon Oscillator Download indicator: Schaff_Trend_Cycle_mtf.mq4
Commodity Channel Index (CCI)
Relative Strength Index (RSI)
Stochastic
Schaff Trend Cycle
Stochastic RSI

VOLATILITY INDICATORS
Average True Range (ATR) The Schaff Trend Cycle Indicator (STC) by Dough Schaff, was developed to improve upon the speed and
Bollinger Bands
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.
Chandelier Exit

VOLUME INDICATORS What we get is a faster cycle identifier - an great aid in identifying trend changes and finding faster entries
Acceleration Bands
and exits.
Chaikin Money Flow (CMF) Let's compare charts with Schaff Trend Cycle Indicator and MACD.
Volume

CYCLE INDICATORS
Detrended Price Oscillator (DPO)
Elliott Waves
Schaff Trend Cycle
Wolfe waves

BILL WILLIAMS' INDICATORS


Alligator Indicator
Awesome Oscillator
Fractals
Gator Oscillator
Market Facilitation Index (MFI)
ZoneTrade (MT4 indicator)

The best of MT4 indicators


Indicators for Account Monitoring
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.


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.

Download the Manual: Schaff_Trend_Cycle.pdf


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Comments
trader

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

 
FxIndicators

Sure, here you go:


MACD_2_Colour_HISTOGRAM.mq4

 
trader

sir can u explain candle stick

 
trader

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

 
trader

sir
is there any setting for 30Mt time frame?

 
trader

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

 
trader

For MT5 http://forum.mt5.com/showthread.php?2332-Harmonic-Waves-amp-Chart-Patter...


and for MT4 http://articles.mql4.com/376 .
BTW latest version is here http://www.forex-tsd.com/397372-post2618.html

 
trader

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

 
trader

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

 
trader

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?

 
trader

i am looking of schaff swing indicator, if someone have it please can you post it for me or send it to my email
[email protected]
thanks

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