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STC Indicator - A Better MACD [SHK]

The Schaff Trend Cycle indicator is the product of combining Slow Stochastics and the moving average convergence/divergence ( MACD ). The MACD has a reputation as a trend indicator, but it's also notorious for lagging due to its slow responsive signal line. The improved signal line gives the STC its relevance as an early warning sign to detect currency trends.

Read more on Investopedia:
Schaff Trend: A Faster And More Accurate Indicator
版本注释:
  • Updated to V4 Pinescript.
版本注释: - Alarm option is added. (Select "Any Alert()" in the alarm tab)
- Script upgraded to pine V5
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