April 19, 2021

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Schaff Trend Cycle (STC)

The Schaff Trend Cycle (STC) is a charting indicator that is commonly used to identify market trends and provide buy and sell signals to traders. Developed in 1999 by noted currency trader Doug Schaff, STC is a type of oscillator and is based on the assumption that, regardless of time frame, currency trends accelerate and decelerate in cyclical patterns.

While STC is computed using the same exponential moving averages as MACD, it adds a novel cycle component to improve accuracy and reliability. While MACD is simply computed using a series of moving average, the cycle aspect of STC is based on time (e.g. number of days).

It should also be noted that, although STC was developed primarily for fast currency markets, it may be effectively employed across all markets, just like MACD. It can be applied to intraday charts, such as five minutes or one hour charts, as well as daily, weekly, or monthly time frames.

Source: https://www.investopedia.com/articles/forex/10/schaff-trend-cycle-indicator.asp

The indicator will be added to the 132 version of SQX.

You can download the indicator pack using this link SqSchaffTrendCycle

3 Comments
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Ulrich Goetzke
Ulrich Goetzke
April 27, 2021 12:56 pm

I like STC very much and I am sad that the MQ5 file in the ZIP file has 0KB, it is empty. Is that a problem with the ZIP file and you can fix it because you have the sources or do I have to write it myself?

tomas262
tomas262
Reply to  Ulrich Goetzke
May 10, 2021 11:26 pm

Hi there,
thanks for your feedback! Please check the ZIP now. We have fixed the MQ5 file

Ulrich Goetzke
Ulrich Goetzke
Reply to  tomas262
May 12, 2021 4:38 pm

Thanks, now it has contents and compiles without errors! Second quesion: If I open this indicator in MetaEditor 5, the buttons for “Start / Resume debugging …” are greyed out and I cannot use them. If I open other indicators from the same directory, e.g. “SqLowestInRange.mq5” these buttons are highlighted and usable. What makes it even stranger: If I open this indicator in a different installation of MetaEditor 5, I can debug SqSchaffTrendCycle normally. Do you know the reason for that? And what I can do to repair this behavior? Is there any temp file in a hidden place or… Read more »