Forex Indicator Schaff Trend

The indicator Schaff Trend for its long history has undergone several improvements and at the moment is quite an adequate tool used to record trend movements and find the right moments for the transaction. It's not accidental, because it was created by well-known specialist and master of trading DaggSchaff. The tool works well for strong price movements, just as authentically determines small corrective movements. As a rule, it is used in strategies as the main technical means. You can improve your trading strategy with analysts of HQBroker Forex.
Features of SCHAFF TREND
The indicator is designed to be used in conjunction with the MetaTrader 4 trading platform. It is essentially a cyclical oscillator.
Its work is based on the idea that trend movements of the market always have a cyclical nature, that is, the basic regularities of price and recession growth are repeated. The author and the group of developers in 2008 carried out research, created a mathematical model, which found its embodiment in a graphic indicator oscillator. Also, when it was created, the properties of the known indicators Stochastic and MACD were used. You can set indicator on hq broker MetaTrader4 terminal.
Settings and recommendations for the use of Schaff Trend
Among the customizable characteristics in the settings window, you can choose the following:
• MAShort - fast moving average, the standard value is 23;
• MALong - slow average, default value is 50; the correct setting provides a ratio of MALong greater than MAShort, which must be taken into account when adjusting individually;
• Cycle - the cycle length on the price chart, the standard value is 10.
Of course, for different trading instruments and timeframes, these parameters choose individual, especially the cyclicity indicator.
In trade with the use of the indicator Schaff Trend, the moment is the crossing of the "75" mark from top to bottom for sales of the asset, for purchases - crossing "25" from the bottom up. To weed out false signals, the author recommends paying attention to the candlestick patterns that are formed after the signal candle. If the closing price is lower than the previous low, it confirms the sell signal, if it is above the previous high - a buy signal.There is no HQBroker Complaint in the Internet, so join team of profesional!
The signal for exit from the trade is the opposite movement of the curve. That is, its localization below line 25 indicates a downward price movement, above 75 - about up.
For all its clarity, this tool on fast timeframes should still be supplemented with other means to confirm the instructions for entry and exit. It should also be noted that the lateral price movement increases the number of false signals several times. Trade silver and gold spot metals with www hq online and boost your profit.
On slow movements, the readings are more distinct. Compared with the classical MACD signals of this indicator are more rapid. Thus, it is possible to enter the transaction without delay. Agree, this is an important advantage, which demonstrates in favor of its use in strategies.
Additional convenience is the setting up of an alarm pointer directly on the candlestick chart.