Originally Posted by COTtrader

Schaff Trend Cycle - was developed to improve upon the speed and accuracy of the MACD in identifying trends. It is calculated by running a MACD line (the difference between two exponential moving averages) through a reworked stochastic algorithm. It is used to find cycles within a trend.

The peaks and troughs within these "trend cycles" can help identify trends, and pinpoint some trading opportunities - buying within uptrends and selling within downtrends. This indicator is also useful as the overbought/oversold indicator in sideways markets. This indicator cycles or "oscillates" within a fixed scale of 0 to 100.
(http://www.forexrealm.com/technical-...end-cycle.html)


Dotted lines are drawn horizontally at 25 and 75, and are called the 25-line and 75-line or "buy" and "sell" lines, respectively.

I think the digital version can be found somewhere on forex-tsd by searching for it. But for now, here is a recent contribution of the Schaff in Multi Time Frame.


COTtrader