Description
The Schaff Trend Cycle is a faster and more accurate indicator than the MACD because the currency cycle trends are factored into the equation of the MACD. The STC Indicator uses a 23- and 50-period EMA with a cycle component used as the 10-period signal line. Factoring in cycle trends based on a certain amount of days, indicates how far and how long a trend lasts. The algorithm involves applying the smoothed stochastic twice on the MACD Line. The result combines the benefits of both indicators. In trending markets it moves between 0 and 100, rising when an uptrend is accelerating and falling when a downtrend is accelerating.
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sktrader
Joined on 03.08.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: SchaffTrendCycle.algo
- Rating: 5
- Installs: 6129
Comments
Hi, perhaps you can fix as follows.
Factor may be calculated as follows.
Factor = 2.0 / (1.0 + 0.5 * Period);
private double Highest(IndicatorDataSeries macd, int index)
{
double dblhigh = macd[index - Period];
for (int i = index - Period + 1; i <= index; i++)
{
if (macd[i] > dblhigh)
dblhigh = macd[i];
}
return dblhigh;
}
private double Lowest(IndicatorDataSeries macd, int index)
{
double dbllow = macd[index - Period];
for (int i = index - Period + 1; i <= index; i++)
{
if (macd[i] < dbllow)
dbllow = macd[i];
}
return dbllow;
}
Cheers
Hi, the display of the indicator when downloaded is totally different from the actually indicator. Can you check that out.
Cheers
Hello,
I know that Schaff is an oscillator. It should go from 0 to 100. I'm wrong?