Schaff Trend Cycle

This indicator is made to identify trends.

Parameters

Schaff cycle periods (pdsCy = 10)

short periods (pdsSh = 10)

long periods (pdsLg = 21)

// Schaff Trend Cycle
MCD = WilderAverage[pdsSh] - WilderAverage[pdsLg]

ST =( MCD-LOWEST[pdsCy] (MCD) )/(HIGHEST[pdsCy] (MCD)-LOWEST[pdsCy] (MCD) )*100
STC=WilderAverage [round(pdsCy / 2)] (ST)

// automatic trigger levels
pk = STC[1] >STC AND STC[1] > STC[2]

IF pk THEN
     spkval = spkval +STC[1]
     spk = spk + 1
ENDIF

pkAvg =spkval / ( spk +.000001)

if pkAvg = 0 THEN
     pkAvg = 100
ENDIF

str =STC[1]

IF str THEN
     sstr = sstr + 1
     strval = strval + STC[1]
ENDIF

trAvg=strval / (sstr +.000001)

// plot on own window (or not)
RETURN pkAvg, trAvg, STC

// Schaff Trend Cycle

MCD = WilderAverage[pdsSh] - WilderAverage[pdsLg]

ST =( MCD-LOWEST[pdsCy] (MCD) )/(HIGHEST[pdsCy] (MCD)-LOWEST[pdsCy] (MCD) )*100

STC=WilderAverage [round(pdsCy / 2)] (ST)

// automatic trigger levels

pk = STC[1] >STC AND STC[1] > STC[2]

IF pk THEN

spkval = spkval +STC[1]

spk = spk + 1

ENDIF

pkAvg =spkval / ( spk +.000001)

if pkAvg = 0 THEN

pkAvg = 100

ENDIF

str =STC[1]

IF str THEN

sstr = sstr + 1

strval = strval + STC[1]

ENDIF

trAvg=strval / (sstr +.000001)

// plot on own window (or not)

RETURN pkAvg, trAvg, STC

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Fabio Anthony Terrenzio • 10/12/2015 #
what are the two orizzontal line?

ggolfet • 10/12/2015 #
The results I get from this indicator seem different from the results obtained using the indicator built in the most recent prorealtime version (using the same parameters).
Is there something I should check?
thanks

Nicolas • 10/12/2015 #
An accurate indicator (identical to the platform one) for Schaff Trend Cycle is now also available here: https://www.prorealcode.com/prorealtime-indicators/schaff-trend-cycle2/

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