Coppock Curve

[Tams 20]

Coppock Curve

 

 

The Coppock curve, created by E.S.C. Coppock,

is a technical analysis indicator for long-term stock market investors.

It was first published in Barron's Magazine on October 15, 1962.

 

The indicator is designed for use on a monthly time scale.

It's the sum of a 14-month rate of change and 11-month rate of change,

smoothed by a 10-period weighted moving average.

 

Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist.

He had been asked by the Episcopal Church to

identify buying opportunities for long-term investors.

He thought market downturns were like bereavements and required a period of mourning.

He asked the church bishops how long that normally took for people,

their answer was 11 to 14 months and so he used those periods in his calculation.

 

A buy signal is generated when the indicator is below zero and turns upwards from a trough.

No sell signals are generated (that not being its design).

The indicator is trend-following, and based on averages,

so by its nature it doesn't pick a market bottom,

but rather shows when a rally has become established.

 

Coppock designed the indicator (originally called the "Trendex Model") for the S&P 500 index,

and it's been applied to similar stock indexes like the Dow Jones Industrial Average.

It's not regarded as well-suited to commodity markets,

since bottoms there are more rounded than the spike lows found in stocks.

 

source: Wikipedia

 

This indicator may be displayed as a curve, or as a histogram

The color.mode setting is 0 for histogram, 1 for curve

A delta line (Diff) is added for faster fractal analysis. (daily or intraday)

 

 

 

 

note:

This EasyLanguage indicator was written in MultiCharts.

I have not tested it in TradeStation or other compatible programs.

Please refer to your users manual for importation instructions.

TL_Coppock.pla

TL_Coppock_Curve.txt

Edited August 18, 2009 by Tams

[Tams 20]

Coppock on faster fractal chart

histogram with delta line

 

 

[ajax358 10]

Just loaded this up & back tested it on the monthlyweekly/daily chart......works great at the std settings!! Sees the turns as fast as my best custom ones.....great indicator!!!.....advise it for anyone......just copy the text into Easylanguage & make the indicator. Great find & thx.....

[Laurel 10]

please let me know when it is avaible for trade station

 

Thanks

[Tams 20]

please let me know when it is avaible for trade station

 

Thanks

 

 

It should work in TradeStation.

Have you tried importing it?

You should read your user manual on importation instruction.

[ajax358 10]

please let me know when it is avaible for trade station

 

Thanks

 

Laurel.....it works just fine, I have loaded it up. Just take the "text"....copy it....then put in in the "create an indicator" in easylanguage. if ya don't know how, then click on "help" in TS, then "how to create an indicator"....that will tell ya the steps/clicks to do.....is easy. Hope that helps.

 

ajax

[davidfry 10]

I have C# and C++ code for this in case anybody wants it.