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.
Panel – selection of the indicator position on the chart:
- New panel.
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:
- Up arrow
- Down arrow
- Axis label
Line style – setup of the line display:
Width – width setup for the indicator line.
Source – setup of the indicator calculation parameters:
Period - setup of the indicator calculation period.
Long period - input long period value in days.
Short period - input short period value in days.
Show description of indicator
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:
- 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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