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Re: Schaff Indicators for MT4

Jimmy, Fri Sep 24, 2021 4:18 pm

太虚一毫 wrote: Fri Sep 24, 2021 1:30 am Looking forward to modifying the signal line of Schaff-Trend Cycle (mtf + arrows + alerts) .ex4, it is also displayed with a dotted line. Boundless merit!
Thank you brother for this idea. I really like this :)

mrtools wrote: Fri Sep 24, 2021 4:13 am Made a version with the dots option.
Thanks Mrtools the Dots is always a very good addition as it helps us gauge the "strength" of the moves.

For traders that are new to indicators with "Dots" lines:

  • The further the Dots are apart, the more strength there is in the move. This doubles as a Volatility gauge. Dots that are far apart act as a confirmation that a strong move is in play.
  • The closer the Dots are, the less Volatility there is. This does not mean the direction is wrong, it just means the market is "coasting" in that direction.

This particular setup for Crypto using the Schaff Trend Cycle Dots utilizes two instances of the indicator. For me, I like the Dots feature but also appreciate the guidance of the lines.

If you'd like to use this setup, the template is attached below.
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