The Schaff Trend Cycle Indicator MT5 is a popular and useful free forex indicator that is available to traders in the MetaTrader 5 trading platform. This indicator is designed to identify and measure the cyclical components of the market price, and can be used to help traders make better trading decisions. By combining trend and cycle analysis, the Schaff Trend Cycle Indicator MT5 can help traders identify the best entry and exit points for their trades.