Schaff Trend Cycle Forex Indicator (MT4)

The Schaff Trend Cycle indicator for Metatrader 4 gauges overbought/oversold market conditions for any currency pair.

The indicator pops up in a separate MT4 chart window as a yellow colored signal line that oscillates between 0 and 100.

The value 0 is oversold, while 100 is overbought.

Schaff Trend Cycle is a very reliable technical oscillator, lightweight, and will not slow down your trading platform.

Open a buy order when the Schaff Trend Cycle value reaches 0 and the market is in an uptrend.
Open a sell order when the Schaff Trend Cycle value reaches 100 and the market is in a downtrend.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download

The picture below shows the Schaff Trend Cycle mt4 indicator in action on the trading chart.

Trading Tips:

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Oscillator

Does the indicator repaint? No.