Schaff Trend Cycle – DEMA – indicator MetaTrader 5
by
The Schaff Trend Cycle (STC) indicator is the product of combining Slow Stochastics and the Moving Average Convergence/Divergence (MACD). The MACD has a reputation as a trend indicator, but it’s also notorious for lagging due to its slow responsive signal line. The improved signal line gives the STC its relevance as an early warning sign to detect currency trends.
Unlike the original Schaff Trend Cycle, this version is using DEMA MACD for calculation, which makes it “faster” in determining the trend changes and thus producing signals a few bars earlier (which can be significant in “scalping” systems).
Schaff Trend Cycle - indicator MetaTrader 5 The Schaff Trend Cycle (STC) indicator is the product of combining Slow Stochastics and the Moving Average Convergence/Divergence (MACD). The…
