Coppock - MetaTrader 5 Script - MQL5 #20693 - MT4/MT5 Resources
This calculation formula was proposed by Edwin Sedgwick Coppock in 1962 and published in Barron's.
This indicator is only used to signal the beginning of a bullish trend in the market. This calculation formula is not designed for the bearish direction, but is sometimes used by traders. A signal is generated when the indicator line crosses the zero level upwards.
The indicator has four input parameters:
Coppock(Period) = LWMA (ROC(Period ROC 1) + ROC(Period ROC 2))
Attachment download
📎coppock.mq5 (9.95 KB)
Source: MQL5 #20693
Coppock - MetaTrader 5 Script - MQL5 #20693 Usage and Filtering Advice
Coppock - MetaTrader 5 Script - MQL5 #20693 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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