Schaff Trend Cycle — مؤشر الميتاتريدر

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  • FinMaxFX
    FinMaxFX

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Schaff Trend Cycle – indicator for MetaTrader 4

Indicator Schaff Trend Cycle.

MetaQuotes Software Corp., MetaTrader 5, Demo

There are a lot of trading systems based on this indicator. So, this is the one of them :

Schaff Trend Cycle with EMA 100

1. Time Frame: 15 min and above

Rules to enter a long trade

  1. The 100 exponential moving average is sloping up.
  2. Wait for the Schaff Trend Cycle to reach oversold territory on the chart (-10 +10), go long when the Schaff Trend Cycle turns back above 10, and Stocastich crosses line up
  3. Place stop 10 pips below the most recent level of support.
  4. Take profit: Close the trade if the Schaff Trend Cycle indicator goes below 90

Rules to enter a short trade

  1. The 100 exponential moving average is sloping down
  2. Wait for the Schaff Trend Cycle to reach overbought territory on the chart (90-110), go short when the Schaff Trend Cycle turns back below 90, and Stocastich crosses line down.
  3. Place stop 3 pips above the most recent level of resistance.
  4. Take profit: Close the trade if the Schaff Trend Cycle indicator moves down to -10 and then rises back above +10

Template is attached. If you instal indicatiors and use this template so you will get the chart like that:

MetaQuotes Software Corp., MetaTrader 5, Demo

تصنيف وسطاء الفوركس 2020:
  • FinMaxFX
    FinMaxFX

    أفضل وسيط فوركس لعام 2020!
    الخيار الأمثل للمبتدئين!
    تدريب مجاني!
    حساب تجريبي مجاني!
    مكافأة على التسجيل!

The system is really very profitable – look at the other chart with D1 timeframe: +439 pips (4 digit pips) :

MetaQuotes Software Corp., MetaTrader 5, Demo

439 pips in profit

This is the other trading system taken from here :

Schaff Trend Cycle Strategy : Here is a strategy which looks for a rising 50 SMA and a rising Schaff Trend to enter long positions. It will enter shorts when the 50 SMA is moving lower as is the Schaff Trend.

To instal it – you just need one Schaff Trend Cycle indicator, and template file (attached):

  • Place Schaff Trend Cycle to indicators folder (for example to C:\Program Files\MetaTrader 5\MQL5\Indicators),
  • and place template file to templae folder (for example to C:\Program Files\MetaTrader 5\Profiles\Templates),
  • restart Metatrader 5 or compile Schaff Trend Cycle indicator in MetaEditor,
  • open any chart, right mouse click and select our template by name, and you will have the charts like that:

Please note that this system is also using overbought/oversold levels of Schaff Trend Cycle indicators.

It may be many variations of this simple Schaff system but most of them are related to overbought/oversold levels of this indicator. So, what are overbought/oversold levels and how to use them? Read this small article :

If you are cooking something and you check on it and you see that it is “overdone”, what is your immediate reaction? Exactly…you take the dish out of the oven. Remove it from what caused its current overdone state and the sooner the better.

What if your car’s engine is “overheated”? Same deal…you do what it takes to get the engine cooled down. Immediately stop doing what caused the engine to become overheated in the first place.

Given these natural reactions, it is easy to see why the initial and almost immediate reaction by many newer traders to an overbought or oversold trading scenario is to do the opposite in that case as well.

They reason that since many buy (long) orders moved price up and pushed the indicator into overbought territory, we must do the opposite and take a short (sell) position. Conversely, if many sell orders caused price to drop and the indicator to move into oversold territory we must begin to take long positions. It’s almost as though they expect price to snap back like a rubber band when it reaches these overextended zones.

Well…what is the proper reaction for casseroles and car engines is not necessarily the right reaction when trading.

When an indicator goes into the Overbought/Oversold areas, remember that it can remain there for quite some time. Just because the RSI or Slow Stochastics indicator reads Overbought for example, does not mean that price action on the pair is like a tightly compressed spring that is going to immediately snap back toward the Oversold area.

Let’s take a look at the Daily chart of the NZDJPY below for an example on this…

Notice on this chart that the first time Slow Stochastics went above 80 into the Overbought area, price continued to go up for another 780+ pips and Stochastics stayed overbought the entire time. Clearly a trader who went short when it first went into Overbought territory would have missed out on a great move. They also would have gotten stopped out of their short position in fairly short order.

To see an example of where price retreats when Slow Stochastics goes into Overbought territory we need to look no further than the area labeled “A” on the chart. In this case the candlesticks around “A”, dojis, spinning tops, shooting star and a hammer, indicate the potential for a pullback.

The point to be made is that either scenario can play out so don’t have a knee jerk reaction to the Overbought and Oversold areas of an indicator.

Only take entry signals from an indicator that is in the direction of the longer term trend.

For example, if the trend has been strong and prolonged to the upside, it stands to reason that the indicator will be in Overbought territory since it reflects the bullish push of price action. To take a short position at that point would be to trade against the trend and that would be introducing more risk into the trade.

This is the video about overbought/oversold levels here.

Schaff Trend: A Faster And More Accurate Indicator

What Is 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. 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.   

How STC Works

Many traders are familiar with moving average convergence/divergence (MACD) charting tool, which 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.

Key Takeaways

  • 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.
  • A drawback to STC is that it can stay in overbought or oversold territory for long stretches of time.

While STC is computed using the same exponential moving averages as MACD, it adds a novel cycle component to improve accuracy and reliability. While MACD is simply computed using a series of moving average, the cycle aspect of STC is based on time (e.g. number of days).

It should also be noted that, although STC was developed primarily for fast currency markets, it may be effectively employed across all markets, just like MACD. It can be applied to intraday charts, such as five minutes or one hour charts, as well as daily, weekly, or monthly time frames.

STC Isn’t Perfect

While the STC indicator seems to boast higher reliability than MACD, it has some inherent flaws. Namely, it can linger in overbought and oversold territory for extended periods of time. For this reason, the indicator is most often used for its intended purpose of following the signal line up and down, and taking profits when the signal line hits the top or bottom. Let’s see how it works.

Consider the following hourly chart of the of the British pound and Japanese yen currency pair, GBP/JPY. While MACD generates its signal when the MACD line crosses with the signal line, the STC indicator generates its buy signal when the signal line turns up from 25 (to indicate a bullish reversal is happening and signaling that it is time to go long), or turns down from 75 (to indicate a downside reversal is unfolding and so it’s time for a short sale).

FX MT4 おすすめ インジケーター

Schaff Trend Cycle

Schaff Trend Cycle(シャフ トレンド サイクル)はMACDをストキャスティクス化した指標です。

上図がSchaff Trend Cycleです。2色に色分けされており、MTF化も可能です。

Schaff Trend Cycleは中期設定の比較的緩やかなMACDがベースとなっています。このMACDからストキャスティクスを作成してEMA補正し、更にその値からストキャスティクスを作成しEMA補正をしています。

Schaff Trend Cycleのパラメータ設定

Schaff Trend Cycleのトレード方法

一般的にSchaff Trend Sycleは順張り・逆張りに使用出来ると言われていますが、ここでは順張りの方法について説明します。

トレンドの判別にはMACDを用い、シグナルにはSchaff Trend Cycleを使用するのが基本的な使用方法です。図ではトレンドの判別に移動平均線を加えています。

MACD、移動平均線、Schaff Trend Cycleのパラメータは共にデフォルトです。また、Schaff Trend Cycleの「25」、「75」ラインに黄色い線を引いています。

ロングの条件
MACDが上向いており、ローソク足が移動平均線よりも上に位置している
Schaff Trend Cycleが「25」ラインを下から上に突き抜ける

ショートの条件
MACDが下向いており、ローソク足が移動平均線よりも下に位置している
Schaff Trend Cycleが「75」ラインを上から下に突き抜ける

تصنيف وسطاء الفوركس 2020:
  • FinMaxFX
    FinMaxFX

    أفضل وسيط فوركس لعام 2020!
    الخيار الأمثل للمبتدئين!
    تدريب مجاني!
    حساب تجريبي مجاني!
    مكافأة على التسجيل!

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