The result of this development results graphs that are not too rippling (choppy) as well as more sensitivity in detecting trends change. Graph of the indicator will appear in the secondary screen, where the line indicator will move in the range 0-100 and the level of 25 and 75 is the level where the signal it is possible to appear.
Signal To Buy:
Occurs when the line moves upward through level 25. To enter the next bar must have values close higher than high.
Signal Offers:
Occurs when the line moves down through the level 75. To enter the next bar must have the value of close is lower than low.
Parameters used:
* MAShort (default = 10)-MACD fast period. Must be lower than the MALong.
* MALong (default = 50)-period MACD. Must be higher than MAShort.
* Cycle (default = 10)-the length of the cycle in the graph.
See pictures below for Illustration:
* Schaff Trend Cycle: Metatrader 4
* Schaff Trend Cycle: Metatrader 5
Related Posts