The Coppock MetaTrader indicator — is an implementation of the famous Coppock curve forex indicator first created by Edward Coppock in 1962. The forex indicator shows long-term buy and sells entry opportunities (classically, it is used for only buying) by measuring the weighted moving average(WMA) (with a period of 10) of the sum of two rates of change (with a ma period of 14 and 11). It is the classical version. In this Forex MetaTrader version, you can modify the parameters of the primary indicators. You can use this Coppock forex indicator in MT4 and MT5.
- ROC1Period (main default = 14) — the period of the first Rate of Change in the sum.
- ROC2Period (main default = 11) — the period of the second Rate of Change in the sum.
- MAPeriod (main default = 10) — the period of the Moving Average of the sum.
- MAType (only in MT4) (main default = 3 (WMA)) — the method of the Moving Average of the sum. It isn’t recommended to change it.
When trading using the Coppock forex indicator, the primary forex strategy is to buy when the curve starts rising from a trough below zero and sell when the curve starts falling from a top above zero. Small tops and channels (compared with the surrounding) are disregarded. The forex indicator helps to capture the market trends in their early stages. But don’t expect to enter the actual max and minimums with it.
Coppock Forex Indicator Download
Warning! If you do not know how to set up this forex indicator, please read the MetaTrader Indicators Tutorial.
Do you have any suggestions regarding this forex trading indicator? You can always discuss Coppock forex indicators with the other traders and MQL programmers on the indicators forums.
Read More: Martingale EA With source code FREE Download.