Description

• Founded back in 1945 by Edwin Sedgewick Coppock, it was used to identify commencement of bull markets
• It oscillates above and below zero level
• It is derived by calculating weighted moving average of two different bars’ ROC
• Monthly chart are mainly used to predict markets, as 14 month and 11 month ROC helps to give good signal of primary market trends

Interpretation

• It is understood similar to ROC
• If CoppockInd moves above 0 levels, price is in positive trend
• If CoppockInd below 0 levels, price is in negative trend

Default Parameters Used/Inputs

• Close Line
• ROC Prd 1
• ROC Prd 2
• Avg Prd

Returns/Output

Coppock Ind value of the stock

Formula

Coppock = WMA(10) of ROCn1 + ROCn2
where, n1 & n2 = two different no of bars ROC