{ Downloaded From https://www.WiseStockTrader.com } { Schaff Trend Cycle Oscillator v1.0 } { Automatic trigger levels } { Also see: "MACD oscillator - Schaff Trend Cycle" } { http://www.metastocktools.com } { With thanks to Tim Straiton, www.stoploss.ch } { variables input } pdsCy:=Input("Schaff cycle periods",2,252,10); pdsSh:=Input("Short periods",1,252,10); pdsLg:=Input("Long periods",2,2520,21); { Schaff Trend Cycle } MCD:=Wilders(MP(),pdsSh)-Wilders(MP(),pdsLg); ST:=(MCD-LLV(MCD,pdsCy)) /(HHV(MCD,pdsCy)-LLV(MCD,pdsCy))*100; STC:=Wilders(ST,pdsCy/2); { automatic trigger levels } pk:=Ref(STC,-1)>STC AND Ref(STC,-1)>Ref(STC,-2); pkVal:=If(pk,Ref(STC,-1),0); pkAvg:=Cum(pkVal)/(Cum(pk)+.000001); pkAvg:=If(pkAvg=0,100,pkAvg); tr:=Ref(STC,-1)