Schaff Trend Cycle [ChuckBanger]

The Schaff Trend Cycle is a method, developed by Doug Schaff and based on the concept that trends also have repeating high and low patterns, or cycles. This is a modified MACD line, run through a modified stochastic algorithm and smoothed with Wilders’ smoothing in order to estimate the final Schaff Trend Cycle ( STC ) indicator. Its purpose is to identify the direction, in which a trend cycle is moving and possible peaks and bottoms within this cycle.

If this is interesting you should also take a look at MACD Leader:

For more info about Schaff Trend Cycle Indicator:
www.investopedia.com...-cycle-indicator.asp