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Forex Indicator “CoppockHist”

E. Coppock was the one who created this indicator. 1960’s was the first time it was used. The indicator was first released in the week’s magazine “Barron’s.” It was not founded for an investment fund. The Episcopal Church requested to create it for long-dated investment.

The formula of the indicator is:

CoppockHist(t) = EMA(t,w)[ROC(l,t) + ROC(s,t)]

The EMA (t, w) is an exponential moving average

The ROC (s, t) and the ROC (l, t) is the sum of change in price of rate indicators for s- short period and for l – long period.

The CoppockHist indicator is a Moving Average for the sum 10-month and of 11- and 14-month ROC indicators. When the indicator changes its direction a sign for opening position emerges.

It is recommended that an exponential moving average of 5-period is used with this indicator. If the EMA goes down the chart, then one can sell. If it goes up, then one can buy. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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