Indicator: Schaff Trend Cycle (STC)

2 thg 4, 2014

Another new indicator for TV community :)

STC detects up and down trends long before the MACD. It does this by using the same exponential moving averages (EMAs), but adds a cycle component to factor instrument cycle trends. STC gives more accuracy and reliability than the MACD.

More info: investopedia.com/articles/forex/10/schaff-trend-cycle-indicator.asp

Feel free to "Make mine" this chart and use the indicator in your charts. Appreciate any feedback on how effective this is for your instrument (I have tested this only with BTC).

[Added 04/02/14 - from comments]

For people trading BTC:
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Try 3/10 or 9/30 for MACD (fastLength/slowLength). They seem to catch the cycles better than the defaults. :)