The Schaff Trend Cycle. An Improved Trend Indicator?
Developing the Schaff Trend Cycle Indicator in Python to Trade the Trend.
There are two desired outcomes of a trend-following strategy, the first one is entering on time and the second one is exiting on time. We always seek to detect the changes of trends as early as possible and then want to exit after having exploited most of it. This is easier said than done and many indicators are lagging. In this article we will discuss a supposedly slightly less lagging version of an indicator that resembles the MACD.
I have just released a new book after the success of my previous one “The Book of Trading Strategies”. It features advanced trend-following indicators and strategies with a GitHub page dedicated to the continuously updated code. Also, this book features the original colors after having optimized for printing costs. If you feel that this interests you, feel free to visit the below Amazon link, or if you prefer to buy the PDF version, you could contact me on LinkedIn.
