Schaff Trend Cycle Indicator Download for MetaTrader 4 - Free - [Trading Search]

The Schaff Trend Cycle indicator is one of the indicators in MetaTrader 4 that combines two popular indicators, MACD (Moving Average Convergence Divergence) and the Stochastic Oscillator . This indicator is designed to detect overbought and oversold points with higher sensitivity than both indicators.

Values ​​below 25 are considered oversold , and values ​​above 75 are considered overbought . Therefore, this indicator is very effective for detecting new trends early and helps traders identify overbought and oversold areas or maintain the current trend.

Indicator Table

Indicators at a glance

The Schaff Trend Cycle Indicator is a useful tool for traders who rely on the indicator for analysis. It is calculated based on two classic indicators: MACD and Stochastic .

Using this MetaTrader4 oscillator , traders can quickly identify price trends and detect overbought and oversold zones .

In the image below, the gold price chart with the symbol [XAUUSD] is shown on the 4-hour time frame. On the left side of the image, the indicator has reached the overbought zone, issuing a Downtrend signal and sell position. The price has reached the oversold zone on the right, issue an Uptrend signal and buy positions.

Bullish signal conditions for the indicator (bullish settings)

In the image below, the chart GBP/USD currency pair is shown on the 15 minute time frame. The indicator reaches the oversold zone at a specified point, sending an Uptrend signal. One can look for buying opportunities using bullish candlestick patterns or other technical analysis tools.

Bearish signal conditions for the indicator (Bearish settings)

In the image below, the WTI crude oil price chart is shown on the 15-minute time frame. The indicator reaches the overbought zone of the indicated area, issuing a Downtrend signal. One can look for selling opportunities using bearish candlestick patterns or other technical analysis tools.

Schaff Trend Cycle Indicator Settings

• Schaff period : The indicator period is set to 10;
• Fast EMA period : The fast moving average period is 23;
• Slow EMA period : The slow moving average period is 50.

Explanation : To create 25 and 75 lines on the indicator as shown in the image below, you can add the required levels in the (Levels) section.

Conclusion

The Schaff Trend Cycle (STC) helps traders gain faster and more accurate insight into market trends. By combining MACD and Stochastic , this indicator filters out unnecessary market noise and provides a more precise signal. It also works on all time frames and markets. On shorter time frames, the indicator may be more sensitive to short-term fluctuations; therefore, it is recommended to use other analytical tools together.