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Schaff Trend Cycle (STC)
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Schaff Trend Cycle (SCT) is an oscillator used to identify or confirm price direction and market turning points in repeating high and low price patterns (cycles). The oscillator is based on Moving Average Convergence Divergence (MACD) double smoothed with Slow Stochastic which makes it more sensitive to the market price changes. The STC line oscillates on the scale from 0 to +100 with oversold and overbought levels at 20 and 80 respectively.
STC = 100 x [(MACD - %K (MACD)) / (%D (MACD) - %K (MACD)]
where:
MACD – Moving Average Convergence Divergence
%K – FastK
%D – SlowD
![Schaff Trend Cycle](http://cdn.document360.io/50ec49af-63d7-47b5-a626-625abdd7cece/Images/Documentation/Schaff_trend_cycle.png)
INPUTS
Input | Description |
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FastLength | The number of bars used to calculate the fast moving average in MACD |
SlowLength | The number of bars used to calculate the slow moving average in MACD |
KPeriod | The number of bars used to calculate the FastK component of the Slow Stochastic |
KSlowing | The number of bars used to calculate the SlowD component of the Slow Stochastic |
PLOTS
The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.
Plot | Description |
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SchaffTC | The Schaff Trend Cycle plot |
OverBought | The overbought level |
OverSold | The ovelsold level |
Color |
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Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color. ![]() To create a custom color:
The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette. |
Weight |
Change the value (in px) to adjust the thickness of the plot. |
Type |
The following plot types are available:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.