Schaff Trend Cycle (MetaTrader indicator) | FREE Forex Trading Indicator
Schaff Trend Cycle (MetaTrader indicator) — is a cyclical oscillator that was created by calculating the stochastic over stochastic over a MACD line with cycles. As a result, the oscillator has been improved so that it is not choppy during trends and responds to changes very quickly. Doug Schaff created it on the assumption that currency trends accelerate and decelerate in cycles. In 2008, the algorithm was made public. Schaff Trend Cycle attempts to combine two distinct methods for determining trend direction changes — MACD and smoothed stochastic oscillator. The indicator’s value ranges between 0 and 100. Two trigger levels are used — 25 and 75. Optional alerts are available.
This indicator is available for MT4, MT5, and cTrader.
Input parameters
Main
- MAShort (default = 23) — the period of the fast moving average for the MACD line calculation. Should be less than MALong.
- MALong (default = 50) — the period of the slow moving average for the MACD line calculation. Should be greater than MAShort.
- Cycle (default = 10) — the length of the cycle in chart periods. The resulting cycle is twice as long because two stochastics are calculated consequentially.
Alerts
- ShowArrows (default = false) — if true, draws arrows above or below the respective bars where a signal is generated.
- UpColor (default = clrBlue) — color of the bullish signal arrow.
- DownColor (default = clrRed) — color of the bearish signal arrow.
- ShowAlerts (default = false) — if true, a display alert will be called when a signal is generated.
- SoundAlerts (default = false) — if true, a sound alert will be played when a signal is generated.
- EmailAlerts (default = false) — if true, an email alert will be sent when a signal is generated.
- PushAlerts (default = false) — if true, a push notification alert will be sent when a signal is generated.
Example
- - - - - - - -
⭐The Best Cent Account To Test Your Forex Trading EA.⭐
- - - - - - - -
⭐Great Forex Broker With High Affiliate Commission For Your Forex Trading EA.⭐

Strategy
The most basic and obvious way to trade with this indicator is to sell when the line falls below level 75 and buy when it rises above level 25. Doug Schaff (author of Schaff Trend Cycle) suggests the following method to filter out more bad signals: for a buy signal, the bar following the trigger bar should close above the high of the trigger bar; for a sell signal, the bar following the trigger bar should close below the low of the trigger bar. The trigger bar is formed when the Schaff Trend Cycle rises above 25 or falls below 75.
Downloads (ver. 1.04, 2019-12-17)
MetaTrader 4
MetaTrader 5
cTrader
You May Also Like ❤ :
Extreme Spike EA with Indicator | FREE Forex Trading EA
The extreme spike indicator is a Metatrader indicator that detects market trend extreme high and extreme low spikes. It is...
Heiken Ashi Naïve EA (Reverse Heiken Ashi strategy) | FREE Forex Trading EA
Heiken Ashi Nave is a MetaTrader expert advisor that uses the platform’s standard indicator of the same name to implement...

PersistentAnti EA (Measures persistence of price movements; trades against it) | FREE Forex Trading EA
PersistentAnti is a Forex expert adviser that takes advantage of the concept of trend persistence. The Forex market charts are...
Ichimoku Chikou Cross EA (Uses Ichimoku Kinko Hyo for signals, ATR for position sizing) | FREE Forex Trading EA
Ichimoku Chikou Cross is a MetaTrader expert advisor based on standard Ichimoku Kinko Hyo indicator with default settings. Specifically, it...