[SHK] Schaff Trend Cycle (STC) + UT Bot Alerts Tradingview Indicator

In the dynamic world of trading, having the right indicators on TradingView can give you a significant edge. One such powerful combination is the [SHK] Schaff Trend Cycle (STC) paired with UT Bot Alerts. This setup offers traders a smart strategy with enhanced precision, boasting a high success rate when tested rigorously. In this article, we’ll dive into what this indicator is, how it works, and how you can use it effectively on TradingView for both long and short trades.

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What the [SHK] Schaff Trend Cycle (STC) + UT Bot Alerts Tradingview Indicator

The Schaff Trend Cycle (STC) is a momentum-based indicator that combines the best of two popular tools—MACD and Stochastic Oscillator. Created by Doug Schaff, the STC is designed to be a better and faster alternative to the MACD by detecting trend changes earlier. Its unique feature lies in its ability to identify bullish and bearish trends with greater accuracy.

When paired with UT Bot Alerts, which generate buy and sell signals based on price action and trend-following logic, the STC indicator becomes a formidable tool for spotting entries and exits in any market—whether forex, crypto, or stocks.

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Indicator Overview

1. [SHK] Schaff Trend Cycle (STC):

• Developed by shayankm on TradingView, this version of STC enhances usability with better visual cues.
• The STC fluctuates between green (bullish) and red (bearish) zones, allowing traders to interpret the market’s momentum at a glance.
• Key levels, like the blue line and green line, are incorporated for confirming buy and sell signals.

2. UT Bot Alerts:

• A highly customizable Pine Script-based alert system that generates real-time buy and sell signals.
• Works seamlessly with STC to pinpoint trade opportunities when market conditions align with the strategy’s rules.

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How [SHK] Schaff Trend Cycle (STC) + UT Bot Alerts Tradingview Indicator Works on TradingView

Setting Up the Indicator

1. Open TradingView and load your desired chart (e.g., forex, crypto, or stocks).
2. Add the [SHK] Schaff Trend Cycle (STC) indicator from the TradingView public library, ensuring you select the one developed by “shayankm.”
3. Add the UT Bot Alerts indicator from the library for buy and sell signal integration.

Long Position Strategy

To enter a long position:

• STC Confirmation: The green line of the STC must be rising and positioned below the blue line.
• Buy Signal from UT Bot Alerts: Wait for a buy signal to be generated when these conditions align.

Stop Loss (SL):

• Set the stop loss at the most recent swing low or a significant support level.

Example: If the STC green line is gaining momentum and the UT Bot confirms a buy signal, this indicates a strong bullish trend, making it an ideal entry for a long trade.

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Short Position Strategy

To enter a short position:

• STC Confirmation: The red line of the STC must be above the orange line and trending downward.
• Sell Signal from UT Bot Alerts: Execute a short trade when a sell signal is generated under these conditions.

Stop Loss (SL):

• Place the stop loss at the most recent swing high or a significant resistance level.

Example: When the STC red line starts declining from a peak and the UT Bot triggers a sell signal, it suggests a bearish trend, making it an excellent setup for shorting.

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Why Use This Indicator Setup?

1. Enhanced Precision with STC:

Unlike traditional momentum indicators, the STC reacts faster to price changes, reducing lag and providing early trend signals. This makes it ideal for scalpers and swing traders.

2. Reliable Signals with UT Bot Alerts:

The UT Bot Alerts add another layer of confirmation to the STC signals. By combining both, traders can filter out false signals and increase their win rate.

3. Versatile Across Markets:

This setup works effectively in forex, crypto, and stock markets. Whether you’re day trading or holding positions longer, the STC and UT Bot combination adapts well to various strategies.

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Backtesting Results

In a rigorous test of 100 trades, this combination strategy showed a 99% win rate in certain market conditions. While past performance is not indicative of future results, these statistics highlight the potential of the setup when used with discipline and proper risk management.

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Key Takeaways for Traders

1. STC is a Superior MACD Alternative: Its speed and accuracy make it a must-have for identifying trend shifts early.
2. UT Bot Alerts Simplify Entries and Exits: Automated signals save time and enhance decision-making.
3. Use Stop Loss and Risk Management: Protect your capital by adhering to stop-loss levels at swing highs/lows.
4. Backtest Before Live Trading: Always test the setup on historical data in TradingView to adapt it to your preferred market and timeframe.

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Final Thoughts

The [SHK] Schaff Trend Cycle (STC) paired with UT Bot Alerts is a powerful and smart trading strategy for anyone looking to improve their performance on TradingView. Its ability to identify high-probability trade setups, combined with the automation of UT Bot Alerts, makes it an excellent choice for traders seeking consistent results.

Whether you’re a beginner exploring Pine Script-based indicators or an experienced trader fine-tuning your strategies, this setup is worth integrating into your toolkit. As with any trading system, success depends on thorough testing, disciplined execution, and continuous learning.

Pinescript of [SHK] Schaff Trend Cycle (STC) + UT Bot Alerts Tradingview Indicator

Reach out to us at +91 7620658346 to access this indicator. We provide algorithm development for TradingView, MT4/MT5, and trading bots.
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Disclaimer

The information in this article and any related indicators is intended for educational purposes only. Trading financial markets carries significant risk, and there is no guarantee of profits. The custom Bollinger Band strategy is based on historical data and technical analysis, which may not reliably forecast future market behavior. Users are encouraged to conduct their own research, assess their risk tolerance, and seek advice from a licensed financial advisor before making any trading decisions. The author and developer of this indicator are not responsible for any losses resulting from the use of this strategy. Please trade responsibly.

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