Extra indicators
Coppock Curve
A slow momentum indicator built to spot the start of long-term rises after big declines.
Идея простыми словами
Coppock compared market recoveries with mourning: it takes time. The curve smooths two long rates of change to show when a decline has really run its course.
Как считается
Add ROC(14) and ROC(11) and smooth the sum with a 10-period weighted moving average.
Coppock = WMA(ROC(14) + ROC(11), 10)Как использовать
- Classic buy signal: the curve turns up from below zero (originally on monthly index charts).
Выводы
- Designed for monthly candles of stock indices; on short timeframes it is just a smooth momentum line.
Пример
US500 monthly: the curve bottoms at −18 and turns up; in the classic method that is a long-term buy signal.
Цены в примерах приведены для иллюстрации.
На что обратить внимание
- Very few signals and no sell rule in the original.
Немного истории
Created by the economist Edwin Coppock and published in Barron's in 1962.
Только образовательный материал. Ни один индикатор или паттерн не предсказывает будущее, и ничто здесь не является инвестиционной рекомендацией.