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.