Calculates multi-timeframe Moving Average Convergence Divergence (MACD) alongside a Money Flow filter to identify potential market breakouts. It evaluates higher-timeframe MACD calculations using exponential or simple moving averages combined with Money Flow o
Indicator · Pine Script v4 · Own pane
Schaff Trend Cycle
This indicator plots the Schaff Trend Cycle in a separate pane.
GitHub stars948on the repository
Pine versionv4older, still runs
Lines of code56
Settings9inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
56 lines of Pine Script v4 from oscillators/stc_schaff_trend_cycle.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// Copyright (c) 2018-present, Alex Orekhov (everget)
// Schaff Trend Cycle script may be freely distributed under the terms of GPL-3.0 license.
study("Schaff Trend Cycle", shorttitle="STC")
fastLength = input(title="MACD Fast Length", type=input.integer, defval=23)
slowLength = input(title="MACD Slow Length", type=input.integer, defval=50)
cycleLength = input(title="Cycle Length", type=input.integer, defval=10)
d1Length = input(title="1st %D Length", type=input.integer, defval=3)
d2Length = input(title="2nd %D Length", type=input.integer, defval=3)
src = input(title="Source", type=input.source, defval=close)
upper = input(title="Upper Band", type=input.integer, defval=75)
lower = input(title="Lower Band", type=input.integer, defval=25)
highlightBreakouts = input(title="Highlight Breakouts ?", type=input.bool, defval=true)
macd = ema(src, fastLength) - ema(src, slowLength)
k = nz(fixnan(stoch(macd, macd, macd, cycleLength)))
d = ema(k, d1Length)
kd = nz(fixnan(stoch(d, d, d, cycleLength)))
stc = ema(kd, d2Length)
stc := max(min(stc, 100), 0)
stcColor1 = stc > stc[1] ? color.green : color.red
stcColor2 = stc > upper ? color.green : stc <= lower ? color.red : color.orange
stcColor = highlightBreakouts ? stcColor2 : stcColor1
stcPlot = plot(stc, title="STC", color=stcColor, transp=0)
upperLevel = plot(upper, title="Upper", color=color.gray)
hline(50, title="Middle", linestyle=hline.style_dotted)
lowerLevel = plot(lower, title="Lower", color=color.gray)
fill(upperLevel, lowerLevel, title="Middle Zone", color=#f9cb9c, transp=90)
upperFillColor = stc > upper and highlightBreakouts ? color.green : na
lowerFillColor = stc < lower and highlightBreakouts ? color.red : na
fill(upperLevel, stcPlot, color=upperFillColor, transp=80)
fill(lowerLevel, stcPlot, color=lowerFillColor, transp=80)
buySignal = crossover(stc, lower)
sellSignal = crossunder(stc, upper)
upperCrossover = crossover(stc, upper)
upperCrossunder = crossunder(stc, upper)
lowerCrossover = crossover(stc, lower)
lowerCrossunder = crossunder(stc, lower)
plotshape(upperCrossunder ? upper : na, title="Sell Signal", location=location.absolute, style=shape.circle, size=size.tiny, color=color.red, transp=0)
plotshape(lowerCrossover ? lower : na, title="Buy Signal", location=location.absolute, style=shape.circle, size=size.tiny, color=color.green, transp=0)
alertcondition(buySignal, title="Alert: Buy", message="STC: Buy!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(sellSignal, title="Alert: Sell", message="STC: Sell!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(upperCrossover, title="Alert: Upper Band Crossover", message="STC: Upper Band Crossover!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(upperCrossunder, title="Alert: Upper Band Crossunder", message="STC: Upper Band Crossunder!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(lowerCrossover, title="Alert: Lower Band Crossover", message="STC: Lower Band Crossover!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
alertcondition(lowerCrossunder, title="Alert: Lower Band Crossunder", message="STC: Lower Band Crossunder!\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}")
Overview
Schaff Trend Cycle subtracts a slow exponential moving average from a fast one, applies a stochastic cycle twice, and smooths each result to form a 0–100 oscillator. Line color follows the slope, or the upper and lower bands when breakout highlighting is on. Circles mark a cross above the lower band and a cross below the upper band, and alerts fire on those and other band crosses. Lengths, source, and band levels are adjustable. It is an indicator only and does not manage trades.
- MACD-based Schaff Trend Cycle
- Adjustable upper and lower bands
- Optional breakout color highlighting
- Buy and sell circle markers
- Band-cross alert conditions
Details
Published by
everget on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Trend, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD Fast Length | int | 23 | fastLength |
| MACD Slow Length | int | 50 | slowLength |
| Cycle Length | int | 10 | cycleLength |
| 1st %D Length | int | 3 | d1Length |
| 2nd %D Length | int | 3 | d2Length |
| Source | source | close | src |
| Upper Band | int | 75 | upper |
| Lower Band | int | 25 | lower |
| Highlight Breakouts ? | bool | true | highlightBreakouts |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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