The Schaff Trend Cycle (STC) is a charting indicator that’s commonly utilized to identify market trends and supply buy and sell signs to
dealers. developed in 1999 by noted money dealer Doug Schaff, STC is a type of oscillator and
is based on the premise that, no matter time period, currency trends accelerate and decelerate in cyclical patterns.
https://www.investopedia.com/articles/forex/10/schaff-trend-cycle-indicator.asp
Many traders are familiar with moving
average convergence/divergence (MACD) charting tool, that is an indicator that is used to forecast price action and is notorious for
lagging due to its slow responsive signal
line . By contrast, STC’s signal line enables it to detect trends sooner. In fact, it typically identifies up and downtrends long
before MACD indicator.
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- Schaff Trend Cycle is a charting indicator used to help spot buy and sell points in the forex market.
- Compared to the popular MACD indicator, STC will react faster to changing market conditions.
The STC indicator is a forward-looking, leading
indicator, that generates faster, more accurate signals than earlier indicators, such as the MACD because it considers both
time (cycles) and moving averages. Like any chart indicator, the tool is best used with other forms of analysis and its performance will
surely vary as market conditions change.
The MelBar™ Schaff Trend Cycle TEMA Indicator uses the TEMA MACD for calculation which makes it faster in determining the
trend changes (even compared to the DEMA version) and thus, produces signals a few bars earlier. This advantage is of utmost
significance in scalping systems.
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