Schaff Trend Cycles - NonLag MA - MetaTrader 5 Script - MT4/MT5 Resources
Schaff trend cycles are usually calculated using MACD, which is the difference between two EMAs (exponential moving averages).
This version uses a moving average that is much "faster" than the EMA (non-laged MA) for calculations, which makes the generated MACD "faster" and thus the generated Schaff trend cycle "faster" in adapting to market changes.
Attachment download
📎 schaff_trend_cycle_-_nlma.mq5 (12.46 KB)
Source: MQL5 #21787
Schaff Trend Cycle - NonLag MA - MetaTrader 5 script usage and screening suggestions
Schaff Trend Cycle - NonLag MA - MetaTrader 5 Script is a trading script related resource. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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