Schaff Trend Cycle

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. 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.

View of indicator on chart:

To add and customize this indicator, you need to open the Indicator Settings Window.

Drawing

Panel – selection of the indicator position on the chart:

  • New panel.
  • Chart.

Schaff Trend Cycle

Show value – display of the indicator value on the left on the price scale.

Scale – if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.

Color - color setup of the indicator.

Visual type - visual setup of the indicator display on the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style – setup of the line display:

  • Solid
  • Dash
  • Dash-dot
  • Dash-dot-dot

Width – width setup for the indicator line.

Common

Source – setup of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Period - setup of the indicator calculation period.

Long period - input long period value in days.

Short period - input short period value in days.

Misc

Show description of indicator

Lines

Up

Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.

Color - choose color.

Line style - setting up the type of line display:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - set the thickness of the indicator line.

Value - enter value on which level line is situated.

Text - enter inscription to be displayed on line.

For Down line settings are same.

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