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Key Takeaways

Difficulty:Intermediate
Reliability:High
Category:momentum
Timeframes:Monthly, Weekly

Coppock Curve

momentumšŸ“Š Monthly, Weekly

Long-term momentum indicator designed to identify major market bottoms.

Formula

Code
Coppock = WMA(ROC(14) + ROC(11), 10)

Detailed Explanation

The Coppock Curve was developed by Edwin Coppock in 1962 for identifying long-term buying opportunities.

**Original Purpose:** - Designed for S&P 500 monthly charts - Buy signal when curve turns up below zero - Based on human mourning period (11+14 months)

Parameters

ROC1
Default: 14
First ROC period
ROC2
Default: 11
Second ROC period
WMA
Default: 10
WMA smoothing period

šŸ“ˆ Bullish Signals

Coppock crosses above zero from below, turns up while negative

šŸ“‰ Bearish Signals

Coppock crosses below zero from above (less reliable)

Python Implementation

Coppock Curve calculation

Python
import pandas_ta as ta
df['Coppock'] = ta.coppock(df['close'], length1=14, length2=11, length3=10)

TradingView Pine Script

Try on TradingView
JavaScript
//@version=5
indicator("Coppock Curve")
roc14 = ta.roc(close, 14)
roc11 = ta.roc(close, 11)
coppock = ta.wma(roc14 + roc11, 10)
plot(coppock, "Coppock", color=color.blue)
hline(0, "Zero")
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MT5 MQL5 Code

C++
// Custom implementation needed

Python Libraries

pandas-ta
Technical analysis
pip install pandas-ta

Common Mistakes

āœ—Using on short timeframes
āœ—Relying on sell signals

Confirmation Signals

Monthly price action
Economic indicators
Other long-term indicators

Best For

Long-term investingMarket bottom identificationMonthly timeframes

šŸ’” Pro Tips

  • ā€¢Originally designed for monthly charts
  • ā€¢Best for identifying major bottoms
  • ā€¢Sell signals less reliable than buy signals
Last updated: December 29, 2024

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This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.

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Frequently Asked Questions

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Rate of Change (ROC)

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