Schaff Trend Cycle Metatrader 4 Indicator
Schaff Trend Cycle is an oscillator type technical indicator that oscillates between -10 and +110 readings. For the Schaff Trend Cycle, a reading at or above +100 is overbought and a reading at or below 0 oversold. The indicator works on all currency pairs for all timeframe’s.
BUY: In uptrends: Go long if the indicator crosses back above +20 reading from below.
SELL: In downtrends: Go short if the indicator crosses back below +80 reading from above.
Use in conjunction with trend analysis tools to determine the primary trend. Don’t use Schaff Trend Cycle against the trend.
EUR/USD 4 Hour Chart Example