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Schaff Trend Cycle Indicator
Schaff Trend Cycle MT4 Indicator with Overbought and Oversold levels. Reduces lag and provides early trend signals.
The Schaff Trend Cycle MT4 Indicator is an advanced version of the overbought and oversold indicator. It combines MACD and Stochastic to provide an oscillator with less noise,and reduced lag than the MACD or Stochastic indicator, while providing early trading signals to forex traders. As a result, the indicator is very effective in identifying the beginning of new trends early while helping the forex trader to remain in the trend direction.
Schaff Trend Cycle MT4 Indicator Trading Signals – Default Setup
The above EURUSD Daily chart shows the indicator, displayed in a separate window in DarkOrchid color. The indicator displays the Uptrend and Downtrend trend cycles as a single straight line compared to other Metatrader oscillators.
Schaff Trend Cycle MT4 Indicator Customized Trading Setup
The above EURUSD Daily chart is customized to display the indicator levels. The indicator is an oscillator with values between 0 and 100. It adds the Upper level at 75 and the lower level at 25 in WHITE color. As the Schaff Trend Cycle Indicator is an oscillator, it shows the overbought and oversold levels. Forex traders consider the oscillator value above 75 as overbought; oppositely, the values below 25 are regarded as oversold.
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