Coppock MT5 Indicator

0
319

The indicator is designed only for signalling about a bullish trend starting on the market. The calculation formula is not designed for bearish direction, but is sometimes is used by traders. Signal is generated when the indicator line crosses the zero level upwards.

The indicator has four input parameters:

  • Period – calculation period;
  • Period ROC 1 – period for calculating the first ROC (rate of price change 1);
  • Period ROC 2 – period for calculating the second ROC (rate of price change 2);
  • Applied price – price used for calculations.

Calculations:

Coppock(Period) = LWMA (ROC(Period ROC 1) + ROC(Period ROC 2))

Recommended MT5 Broker

XM Market

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

(Free MT5 Indicators Download)

Click here below to download:

Coppock MT5 Indicator

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here