Theory:
The Schaff Trend Cycle, created by Doug Schaff, is essentially a double stochastic variation of the MACD (Moving Average Convergence Divergence). Instead of using the traditional exponential moving averages (EMA), this version incorporates the Hull Moving Average, making it a bit unique in its calculation.
Usage:
Traders typically rely on the Schaff Trend Cycle for its color changes, which can signal potential buy or sell opportunities. Additionally, you can set specific levels as triggers to enhance your trading signals.
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