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Instrument: REA_STC
Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The REA_STC is the so-called Shaff Trend Cycle by REAVOLUTION.

The Schaff Trend Cycle (STC) is an oscillator-type indicator that can help you identify positive and negative trends, locate entry and exit points, and provide accurate market entry signals. What's so special about it and why use it in trading? For one thing, it's very easy to understand. The Schaff Trend Cycle is basically the most typical of the oscillators enriched with the cycle element. Secondly, it was developed as a “better and more accurate version” of MACD (at least according to its creator).

the Schaff Trend Cycle works similarly to the MACD. It also includes the notion of cycles, crucial for global financial markets, to facilitate the identification of positive and negative trends.

Here's how to interpret his readings. There are two thresholds: 25 and 75. When the indicator is above the 25 line, an upward trend is observed. When the indicator crosses the 75 line downwards, a bearish trend is believed to be about to occur. When the indicator is between the 25 and 75 lines, the trend is about to develop in one of two directions.

When the indicator turns into a straight line (which only occurs at its highest and lowest points), the asset is overbought – when the indicator is above the 75 line, or oversold when it is below the 25 line. In both cases a reversal of the trend is expected, even if no time indication is provided in this regard.

Our version of the Shaff Trend Cycle Indicator makes reading conditions even easier coloring the line directly Green when there are Buy conditions and Red when there are Sell conditions.

Parameters:

  • MA Short: Choose the Fastest (shortest) moving average Periods for the oscillator calculation.
  • MA Long: Choose the Slowest (longest) moving average Periods for the oscillator calculation.
  • Cycle: Choose the number of Cycle Periods for the oscillator calculation.

Lines

  • Schaff Buy: Choose the color of the oscillator when it's time to Buy (Default Green)
  • Schaff Sell: Choose the color of the oscillator when it is time to Sell (Default Red)

 

 

 

Downloads

Download the REA_STC for the cTrader platform
License:
FREE

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