Which indicator has highest accuracy?

investopedia.com - Schaff Trend: A Faster And More Accurate Indicator - Investopedia

What is 10-7 in police code?

Police 10 Codes Code General Purpose APCO (Association of Police Communications Officers) 10-5 Relay Relay To/From 10-6 Busy - Unless Urgent Busy...

Last updated Nov 16, 2020

How do you scan good quality?

To ensure high quality, use the following guidelines when setting scanner settings: Set the DPI (dots per inch) to a value between 300 and 400 to...

Last updated Jan 17, 2019

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

What Is Schaff Trend Cycle?

The Schaff Trend Cycle (STC) is a charting indicator that is commonly used to identify market trends and provide buy and sell signals to traders. Developed in 1999 by noted currency trader Doug Schaff, STC is a type of oscillator and is based on the assumption that, regardless of time frame, currency trends accelerate and decelerate in cyclical patterns. Key Takeaways Schaff Trend Cycle is a charting indicator used to help spot buy and sell points in the forex market. Compared to the popular MACD indicator, STC will react faster to changing market conditions. A drawback to STC is that it can stay in overbought or oversold territory for long stretches of time.

How STC Works

Many traders are familiar with the moving average convergence/divergence (MACD) charting tool, which is an indicator that is used to forecast price action and is notorious for lagging due to its slow responsive signal line . By contrast, STC’s signal line enables it to detect trends sooner. In fact, it typically identifies up and downtrends long before MACD indicator. While STC is computed using the same exponential moving averages as MACD, it adds a novel cycle component to improve accuracy and reliability. While MACD is simply computed using a series of moving average, the cycle aspect of STC is based on time (e.g., number of days). It should also be noted that, although STC was developed primarily for fast currency markets, it may be effectively employed across all markets, just like MACD. It can be applied to intraday charts, such as five minutes or one-hour charts, as well as daily, weekly, or monthly time frames.

STC Isn't Perfect

While the STC indicator seems to boast higher reliability than MACD, it has some inherent flaws. Namely, it can linger in overbought and oversold territory for extended periods of time. For this reason, the indicator is most often used for its intended purpose of following the signal line up and down, and taking profits when the signal line hits the top or bottom. Let's see how it works. Consider the following hourly chart of the British pound and Japanese yen currency pair, GBP/JPY. While MACD generates its signal when the MACD line crosses with the signal line, the STC indicator generates its buy signal when the signal line turns up from 25 (to indicate a bullish reversal is happening and signaling that it is time to go long), or turns down from 75 (to indicate a downside reversal is unfolding and so it's time for a short sale).

What game made the most money?

The Top 50 Highest-Grossing Video Game Franchises Transcript Rank Franchise Revenue 1 Pokemon $90,000,000,000 2 Mario $30,250,000,000 3 Call of...

Last updated Jan 10, 2019

What type of gambling is most popular?

Most common gambling type over the past year in the United States as of November 2018 Type of gambling Share of respondents Any gambling 73%...

Last updated Dec 13, 2022

Promotion

Notice that the STC line generated a buy signal with the pair around 140.00 and then signaled that the market was overbought at 142.45—a 245-pip move. MACD did not generate a signal until the move was well underway. The next signal was a sell signal, generated at approximately 144.00, and lasted until 141.50—a 250-pip move. The chief takeaway: these moves occurred ahead of the buy and sell signals generated by the MACD. Also, notice how many times the STC line resulted in a straight line, signaling an overbought or oversold market. It’s a near-certainty that oversold markets will eventually become overbought markets, and vice versa, especially when it comes to the currency cycle aspects of this indicator.

The Bottom Line

The STC indicator is a forward-looking, leading indicator, that generates faster, more accurate signals than earlier indicators, such as the MACD because it considers both time (cycles) and moving averages. Like any chart indicator, the tool is best used with other forms of analysis and its performance will surely vary as market conditions change.

investopedia.com - Schaff Trend: A Faster And More Accurate Indicator - Investopedia

Can a casino keep you from cashing out?

Online casinos require players to wager their deposit money a certain number of times before they can cash out any winnings from the money. If a...

Last updated Jan 4, 2018

What's the hardest sport to bet on?

Baseball. Baseball is the hardest sport to bet on, and it comes in at the top of the list. In spite of the fact that I love to bet on the American...

Last updated Nov 2, 2019

Promotion

Can you use FanDuel in Florida?

While daily fantasy sports are unregulated in Florida, DraftKings and FanDuel operate in the state. Nov 15, 2022

Last updated Sep 12, 2022

Promotion

What sport is 300 a perfect score?

bowling In bowling games that use 10 pins, such as ten-pin bowling, candlepin bowling, and duckpin bowling, the highest possible score is 300,...

Last updated Sep 3, 2018