What is a cycle in Schaff Trend Forex Trading ?

What is a cycle in Schaff Trend Forex Trading

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He founded the Schaff trend cycle on the fact that as the price trends also show models of ups and downs of a repetitive manner.STC is a combination of the moving average convergence / Divergence (MACD) and slow stochastic. The MACD has been known as a trend indicator is widely known for its signal line sensitive slow. The STC, with its line of enhanced signal, provides traders with warning signs in a timely manner, allowing them to detect trends in currencies.

Forex Trading: inputs used by Schaff trend cycle

The Schaff trend cycle uses the following entries:

Sh: shorter-term exponential moving average. Default: 23

Lg: long-term exponential moving average. Default: 50

Cycle: set at half the length of the cycle. Default: 10

Forex Trading: How Schaff trend cycle Works

The Schaff trend cycle identifies high and low trends well before the MACD. The indicator uses the same STC exponential moving averages (EMA) to detect trends, but it adds a cycle component factor of the changing cycle of currency. It should be noted that movements in the trends of the cycle of currency will be based on the number of days in particular. This is factored into the equation for the indicator of the STC to provide more accurate and more reliable than the MACD.

The MACD is simply a series of exponential moving averages with a signal line. It features a 12-and 26-period EMA signal line having a nine period. Since STC is an improved indicator that the MACD, it has a 23 - and 50-EMA period, with a cyclical component, which is used as the signal line 10-period. As trends cycle can be taken into account by operators on the basis of a specific number of days, the evaluation of the longevity of a trend (measured in pips possibility of winning) can be made.

The Schaff Trend Cycle Indicator is not only better but also based on an original concept. In addition, TCC is the indicator the first to be developed with the help of a cycle indicator. Most indicators use a type of moving average, generally MTV Europe Music Awards, because they are simpler to calculate. In addition, the focus of EMA is on current prices and not on the basis of long-term data set of closing prices, as is the case with a simple moving average.

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