The user can add the Schaff Trend Cycle indicator to their chart by right clicking the chart and selecting Study Config to open the study configure window first, then select the “Schaff Trend Cycle” study from the Available Studies list and add it into the Current Studies list.
Explanation of Each Field
MACD Settings: Allows the user to adjust the MACD settings used in the Schaff Trend Cycle study.
- Long Avg Period: Allows the user to adjust the long average period for the MACD.
- Short Avg Period: Allows the user to adjust the short average period for the MACD.
- Moving Average Type: Allows the user to select the moving average type used for the MACD.
- Source: Use the drop down menu to select the study source for the MACD.
- Open: Use the open price data to calculate the exponential moving average.
- High: Use the highest price data to calculate the exponential moving average.
- Low: Use the lowest price data to calculate the exponential moving average.
- Close: Use the close price data to calculate the exponential moving average.
- (High+Low)/2: Use this equation to calculate the price first, then use those price data to calculate the exponential moving average.
- (High+Low+Close)/3: Use this equation to calculate the price first, then use those price data to calculate the exponential moving average.
- (Open+High+Low+Close)/4: Use this equation to calculate the price first, then use those price data to calculate the exponential moving average.
Stochastic Settings: Allows the user to adjust the Stochastic settings used in the Schaff Trend Cycle study.
- %K: This field allows the user to adjust the study period of %K.
- %D: This field allows the user to adjust the study period of %D.
- Line Style: Allows the user to adjust the line color, style and width.
