More from ProRealCode
ProRealCode - Trading & Coding with ProRealTime™
The ProRealTime™ community on the web! Officially sharing ProRealTime knowledge to Worldwide users since 2015!
Schaff Trend Cycle
October 12, 2015, 7:58 PM
Indicators
3 Comments
This indicator is made to identify trends.
Parameters
Schaff cycle periods (pdsCy = 10)
short periods (pdsSh = 10)
long periods (pdsLg = 21)
// Schaff Trend Cycle
MCD = WilderAverage[pdsSh] - WilderAverage[pdsLg]
ST =( MCD-LOWEST[pdsCy] (MCD) )/(HIGHEST[pdsCy] (MCD)-LOWEST[pdsCy] (MCD) )*100
STC=WilderAverage [round(pdsCy / 2)] (ST)
// automatic trigger levels
pk = STC[1] >STC AND STC[1] > STC[2]
IF pk THEN
spkval = spkval +STC[1]
spk = spk + 1
ENDIF
pkAvg =spkval / ( spk +.000001)
if pkAvg = 0 THEN
pkAvg = 100
ENDIF
str =STC[1]
IF str THEN
sstr = sstr + 1
strval = strval + STC[1]
ENDIF
trAvg=strval / (sstr +.000001)
// plot on own window (or not)
RETURN pkAvg, trAvg, STC
Download
Filename:
Schaff-Trend-Cycle.itf
Downloads:
220
Average
Operating in the shadows, I hack problems one by one. My bio is currently encrypted by a complex algorithm. Decryption underway...
Author’s Profile
Similar code
Schaff Trend CycleIndicators
Schaff Trend Cycle (STC)Screeners
Loading...
An accurate indicator (identical to the platform one) for Schaff Trend Cycle is now also available here: https://www.prorealcode.com/prorealtime-indicators/schaff-trend-cycle2/