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Coppock Curve Trading Analysis & Coppock Curve Trade Signals

Created by Edwin Sedgwick Coppock.

This indicator was used for technical analysis of Stocks & Commodities in the starting but was later used to trade Gold.

Coppock Curve Technical Indicator - Coppock Curve Technical Indicator - MT4 Coppock Curve Indicator

It comes from trading psychology. Human actions repeat. Prices move in a zigzag pattern.

Adaptation levels mean that prices react in certain ways at specific levels: stocks and prices will react in similar ways or create patterns like those we have seen in the past.

Analysis & Generating Signals

In trading, the moving average is a basic trend line. Price swings around it. This indicator builds on that. It acts as a long-term oscillator tied to the moving average, but used differently.

Oscillators often calculate the percent change from a current price to a past one. That past price serves as the reference point, like adaptation levels.

Edwin Coppock, when conceptualizing this technical gauge, posited that the prevailing emotional sentiment of market participants could be gauged and numerically represented by aggregating the percentage price fluctuations over a recent period to derive an overall estimation of the market's long-range momentum.

Basic signals can be generated with the Coppock Curve for trading price reversals at extreme levels, and traders may look for divergences and trend-line breaks to confirm signals.

Implementation

You might have to change the settings of this indicator to make it work better with the way the market is moving at the moment.

Coppock Curve has a zero mark as a reference, but it does not show the adjustment levels: it is only there as a visual guide.

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