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Schaff TCD RSI: Scaling a Trend Indicator for Extremes

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Summary

The document describes a currency trend indicator attributed to Doug Schaff. It says the calculation uses a version of Schaff Trend Cycle built from the MACD signal line, then applies RSI as a final calculation. The resulting oscillator is expressed on a zero-to-100 scale, which the document presents as a way to assess potential overbought and oversold conditions during a currency trend.

The explanation is brief and gives no formula, parameter settings, chart, backtest, or trading rules for acting on the readings. It does not establish that particular levels reliably predict reversals, and it offers no comparison with standard RSI or the conventional Schaff Trend Cycle. The indicator is therefore introduced as a possible way to frame trend extremes, but its practical value and limitations cannot be evaluated from the material provided.

Key ideas

  • The indicator uses a Schaff-style trend calculation based on the MACD signal line.
  • RSI is applied in the final calculation.
  • The output is scaled from zero to 100 to help identify possible overbought and oversold conditions.
  • The document provides no parameters, performance evidence, or specific entry and exit rules.

Tags

ForexTechnical indicatorsMomentum

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.