Schaff Trend Cycle [ChuckBanger]

The Schaff Trend Cycle is a method, developed by Doug Schaff and based on the concept that trends also have repeating high and low patterns, or cycles. This is a modified MACD line, run through a modified stochastic algorithm and smoothed with Wilders’ smoothing in order to estimate the final Schaff Trend Cycle ( STC ) indicator. Its purpose is to identify the direction, in which a trend cycle is moving and possible peaks and bottoms within this cycle.

If this is interesting you should also take a look at MACD Leader:

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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your getting a like bro Not of enough people use heiken ashi :D
ChuckBanger Mnbrass549
@Mnbrass549, thanks...
Lov your intro on STC. Gracias.
ChuckBanger sufianlau
@sufianlau, thanks...
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