LinkedInwithBackgroundYourPrivacyRightsInvestopediaandourthird-partypartnersusecookiesandprocesspersonaldatalikeuniqueidentifiersbasedonyourconsenttostoreand/oraccessinformationonadevice,displaypersonalizedadsandforcontentmeasurement,audienceinsight,andproductdevelopment.TochangeorwithdrawyourconsentchoicesforInvestopedia.com,includingyourrighttoobjectwherelegitimateinterestisused,clickbelow.Atanytime,youcanupdateyoursettingsthroughthe"EUPrivacy"linkatthebottomofanypage.Thesechoiceswillbesignaledgloballytoourpartnersandwillnotaffectbrowsingdata.ListofPartners(vendors)Weandourpartnersprocessdatato:Activelyscandevicecharacteristicsforidentification.Useprecisegeolocationdata.Storeand/oraccessinformationonadevice.Selectpersonalisedcontent.Createapersonalisedcontentprofile.Measureadperformance.Selectbasicads.Createapersonalisedadsprofile.Selectpersonalisedads.Applymarketresearchtogenerateaudienceinsights.Measurecontentperformance.Developandimproveproducts.ListofPartners(vendors)IAcceptShowPurposesTradingSkills&EssentialsUltimateTradingGuide:Options,Futures,andTechnicalAnalysisDayTradingIntroductionTradingBasicEducationTradingPlatforms&ToolsTradingOrderTypes&ProcessesTradingInstrumentsRiskManagementMoneyManagementTradingPsychologyTradingLifestyleSeeAllTradingSkills&EssentialsTradingBasicEducationWhatIsSchaffTrendCycle?TheSchaffTrendCycle(STC)isachartingindicatorthatiscommonlyusedtoidentifymarkettrendsandprovidebuyandsellsignalstotraders.Developedin1999bynotedcurrencytraderDougSchaff,STCisatypeofoscillatorandisbasedontheassumptionthat,regardlessoftimeframe,currencytrendsaccelerateanddecelerateincyclicalpatterns.HowSTCWorksManytradersarefamiliarwithmovingaverageconvergence/divergence(MACD)chartingtool,whichisanindicatorthatisusedtoforecastpriceactionandisnotoriousforlagging duetoitsslowresponsivesignalline.Bycontrast,STC’ssignallineenablesittodetecttrendssooner.Infact,ittypicallyidentifiesupanddowntrendslongbeforeMACDindicator.KeyTakeawaysSchaffTrendCycleisachartingind