The resulting cycle is twice as long because two stochastics are calculated consequentially. Cycle (default = 10) - the length of the cycle in chart periods.MALong (default = 50) - the period of the slow moving average for the MACD line calculation.MAShort (default = 23) - the period of the fast moving average for the MACD line calculation.You can download this indicator for MT4, MT5, and cTrader. The value of the indicator fluctuates between 0 and 100. Schaff Trend Cycle tries to combine two different methods of determining the trend direction changes - MACD and smoothed stochastic oscillator. It was developed by Doug Schaff, who assumed that the currency trends accelerate and decelerate in cycles. The result is the improved version of the oscillator that is not choppy during the trends and reacts to the changes very fast. Schaff Trend Cycle (MetaTrader indicator) - is a cyclical oscillator created by calculating the stochastic over stochastic over a MACD line using cycles.
