The Schaff Trend Cycle (STC) is a technical indicator developed by Doug Schaff as an improvement on cycle oscillators and the MACD. The main idea behind this oscillator is to combine the benefits of trend and cycle indicators and minimize their drawbacks such as lags or false signals. The main purpose of the STC is to identify or confirm price direction and market turning points.
The STC is calculated as a double smoothed stochastic of the MACD, which outputs an oscillator that moves between 0 and 100. In trending markets, the oscillator is expected to move up if the market is in the accelerating uptrend; accelerating downtrends are supposed to push the oscillator down. In sideways markets, the STC indicates oversold conditions when it reverses after falling below 25; overbought conditions, when it turns down from above 75.
This NinjaTrader 8 has EMA, SMA, HMA, WMA, Wilder’s moving average as smooth calculation.
It works on Bar chart, candlestick, Range, Tick, Volume, Renko, HA chart type and so on.