PROTECTED SOURCE SCRIPT
Uber STC - Schaff Trend Cycle [UTS]
Desc:
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.
Developed in 1999 by noted currency trader Doug Schaff, 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.
This indicators source code is based on Releasing the Code to the Schaff Trend Cycle.pdf
Executive Summary
General Usage
There are two lines indicating overbought and oversold conditions, default at 75 and 25 which is customizable of course.
Signals are created on line crosses. They that can be used to enter LONG/SHORT or EXIT a trade.
If the STC crosses the lower line upwards a LONG signal is triggered and if it crosses the upper line a SHORT signal is triggered.
Line crosses in the other direction than the current trade also work as EXIT signal.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "Greater Than" - "0"
Moving Averages
16 different Moving Averages are available:
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
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.
Developed in 1999 by noted currency trader Doug Schaff, 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.
This indicators source code is based on Releasing the Code to the Schaff Trend Cycle.pdf
Executive Summary
- Schaff Trend Cycle is a charting indicator used to help spot buy and sell points in the markets.
- Compared to the popular MACD indicator, STC will react faster to changing market conditions.
- A drawback to STC is that it can stay in overbought or oversold territory for long stretches of time.
General Usage
There are two lines indicating overbought and oversold conditions, default at 75 and 25 which is customizable of course.
Signals are created on line crosses. They that can be used to enter LONG/SHORT or EXIT a trade.
If the STC crosses the lower line upwards a LONG signal is triggered and if it crosses the upper line a SHORT signal is triggered.
Line crosses in the other direction than the current trade also work as EXIT signal.
Alerts
Traders can easily use the reversal signal to trigger alerts from:
- Cross Up
- Cross Down
Those values are > zero if a condition is triggered.
Alert condition example: "Cross Up" - "Greater Than" - "0"
Moving Averages
16 different Moving Averages are available:
- ALMA (Arnaud Legoux Moving Average)
- DEMA (Double Exponential Moving Average)
- EMA (Exponential Moving Average)
- FRAMA (Fractal Adaptive Moving Average)
- HMA (Hull Moving Average)
- JURIK (Jurik Moving Average)
- KAMA (Kaufman Adaptive Moving Average)
- Kijun (Kijun-sen / Tenkan-sen of Ichimoku)
- LSMA (Least Square Moving Average)
- RMA (Running Moving Average)
- SMA (Simple Moving Average)
- SuperSmoothed (Super Smoothed Moving Average)
- TEMA (Triple Exponential Moving Average)
- VWMA (Volume Weighted Moving Average)
- WMA (Weighted Moving Average)
- ZLEMA (Zero Lag Moving Average)
A freely determinable length allows for sensitivity adjustments that fits your own requirements.
Protected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Visit ubertradingsystems.com or send a direct message for information about indicator access.
Disclaimer
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