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Schaff Trend Cycle Indicator
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Created: by cbritton Attachments:4

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Schaff Trend Cycle Indicator

  #1 (permalink)
Elite Member
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cbritton's Avatar
 
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Schaff Trend Cycle Indicator

Does anyone use this indicator? Here's the link to the released code:

http://www.google.com/url?sa=t&source=web&ct=res&cd=4&ved=0CCAQFjAD&url=http%3A%...2=z8Lw0zJxj08DVIz_0lmFgg

I've converted this code to ToS and wanted to compare my results to others for confirmation.

Thanks,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
Attached Thumbnails
Schaff Trend Cycle Indicator-stc1.png  
Attached Files
Register to download File Type: ts STCSTUDY.ts (1.0 KB, 218 views)
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  #2 (permalink)
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  #3 (permalink)
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Hey C,

Thanks for sharing this...

I can't read ts code unless it's in a text version - hopefully some other TS coders will have a look.

Appreciate the article and his use overlaying STC on the Double Stochastic.

Thanks again, good luck

Kirk

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  #4 (permalink)
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zeller4 View Post
Hey C,

Thanks for sharing this...

I can't read ts code unless it's in a text version - hopefully some other TS coders will have a look.

Kirk

Kirk,

No problem with sharing. I hope through sharing, we can make use of this indicator and make it better.

.ts files are text files. You can open them with wordpad, notepad or any other text editor. Try it out, let me know what you think.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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  #5 (permalink)
Trading Apprentice
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Modified STC

Hi,

Thank you for this indicator. I tested it against a version that I found for MT4 and when it didn't match I fixed a few things and now it matches exactly and also gives great results.
I also changed the overbought and oversold levels to 80/20 instead of 75/25 but you can change it back if you want. (MT4's version has my 80/20 levels).

Noam

Attached Files
Register to download File Type: ts STCSTUDY.ts (1.0 KB, 210 views)
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  #6 (permalink)
Just starting out...
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Hi Folks:

I'm looking for a version of the Schaff Trend indicator for the MT4 - BTW I have no idea how to "program" this - I think I have to "code" but am needing info as to how to get it into MT4?

Any help would be appreciated!

LC

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  #7 (permalink)
Market Wizard
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installation instr included
Schaff Trend Cycle Metatrader Indicator | Great Trading Systems

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  #8 (permalink)
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just heard of this inidicator, and took a look at its picture above

it seems to lag a move, irrespective of the interval on the chart, and generally with indicators like these, one get's advance notice of a move by doing mental counts of the Ticks from the Dome, not by watching prices stream by on T&S

another indicator that is highly effective and remains so, whether or not those HFT analytics fade these common retail indicators.

Williams %R has great value in that its just like a Stochastic in having almost zero lag wit price action and helps one to see what phase relative to most recent price action, a potential trade might be in,

namely if the W%R is peaking then going long from those levels might not be best, although it still works under some conditions

conversely, if the W%R is base-lining then going short at that point might be the worse possible time to short

so how does this Schaff indicator beat or exceed those existing established ones?

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  #9 (permalink)
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Hi guys,

I am trying to augment he STCStudy.TS indicator for back testing use in ThinkorSwim. I am usually able to augment an indicator and get it to add an order without problem. Unfortunately it will not let me add an order no matter how I play with this code. Among other attempts, I tried replacing the final lines of code like so:

From:

[.....

# smoothed calculation for %FastD of PF
rec PFF = compoundValue(1, PFF[1] + (Factor * (Frac2 - PFF[1])), Frac2);

plot SchaffTC = PFF;
plot overbought = 80;
overbought.SetDefaultColor(Color.gray);
plot oversold = 20;
oversold.SetDefaultColor(Color.gray);

]




I tried to changing the above into:




[

# smoothed calculation for %FastD of PF
rec PFF = CompoundValue(1, PFF[1] + (factor * (Frac2 - PFF[1])), Frac2);


def SchaffOutput= PFF;

def condition1 = SchaffOutput[0] < SchaffOutput[1];


AddOrder(OrderType.SELL_AUTO, condition1, close, 1, tickcolor = GetColor(0), arrowcolor = GetColor(0));

]



But no matter what I try, it will not add an order on the chart. I know I must be doing something wrong from the point where I am opting to define SchaffTC instead of plotting it as a study. But I don't know what exactly...


Thank you in advance for any help!

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  #10 (permalink)
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Hey never mind, I solved it. thanks anyways guys.

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