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    Schaff Trend Cycle (STC)
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      Schaff Trend Cycle (STC)

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        Article summary

        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 CycleSchaff Trend Cycle

        INPUTS

        InputDescription
        FastLengthThe number of bars used to calculate the fast moving average in MACD
        SlowLengthThe number of bars used to calculate the slow moving average in MACD
        KPeriodThe number of bars used to calculate the FastK component of the Slow Stochastic
        KSlowingThe 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.

        PlotDescription
        SchaffTCThe Schaff Trend Cycle plot
        OverBoughtThe overbought level
        OverSoldThe ovelsold level
        Color

        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.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        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:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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