Schaff Trend CCI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Initial Schaff trend cycle:
The Schaff Trend Cycle Indicator is calculated by calculating stochastic over Masadi using cycle lines. As a result, the developers successfully achieved more target indicators and the script running results were stable and reliable. A chart is virtually immune to the short-term trends that inevitably arise in the market. But this indicator generates appropriate alerts in the following situations: There are some drastic changes in the market situation.
It does not calculate the Stochastic, but the CCI (Commodity Channel Index). This is an experiment on how CCI will "behave" when MACD (Moving Average Convergence Divergence) is used as "price". It looks like some results are available but need to be checked thoroughly before being used for trading
It is used in two ways: when the zero line crosses or when the slope of the CCI changes
Attachment download
📎 schaff_trend_cci.mq5 (8.51 KB)
Source: MQL5 #22335
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