Coppock Indicator
Platform: MT5 Type: Oscillator Last update: September 22, 2024The Coppock indicator is a custom forex indicator that works like an oscillator recognizing market trends.
That indicator was first introduced by Edwin Sedgwick Coppock in 1962. He published the formula for calculating the Coppock indicator in the Barron’s Magazine.
The formula used in calculating the Coppock does not take into consideration a bearish market direction, but it is still sometimes used by traders.
You can adjsut the following settings:
Period – defines the calculation period;
Period ROC 1 – defines the period for calculating the first rate of change (ROC 1);
Period ROC 2 – defines the period for calculating the second rate of change (ROC 2);
Applied price – defines the price used for calculations.
The formula for the Coppock indicator:
The calculations of the Coppock indicator are based on the following formula:
Coppock(Period) = LWMA (ROC(Period ROC 1) + ROC(Period ROC 2))
How to use the Coppock:
When the dark olive green line of the Coppock indicator breaks above the 0.00 level, a trend is considered to be bullish.
When the dark olive green line of the Coppock indicator breaks below the 0.00 level, a trend is considered to be bearish.
