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Releasing the Code to the Schaff Trend Cycle
Fri, Feb 15 2008, 12:42 GMT
by Doug Schaff
Schaff Trend Cycle (STC) is a popular indicator commonly used to identify or confirm price direction and market turning points. It was created by Doug Schaff and is based on the assumption that currency trends accelerate and decelerate in a cyclical pattern that can reflect the dominant price cycle of any currency in any timeframe.
Developed in 1999, the STC is one of the most widely used Forex indicators today. Schaff created the STC “in order to improve upon the MACD and Time Cycle oscillators”. The resulting indicator adapts better to changing market conditions. It combines the benefits of trend and cycle indicators, and can be used with all currencies across all time frames.
After all these years, the President of FX-Strategy.com has decided to unveil his code because he wants to see how others traders use and modify the STC to help achieve their trading goals.
In the PDF below, Doug Schaff offers the full code for the STC and a wide explanation about why he decided to present the code to everyone at this time.
This is his gift to the Forex Community.
Published on Fri, Feb 15 2008, 12:42 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.