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Jun 28, 2016

Coppock Indicator Signals-mq4

Coppock Indicator Signals.

Coppock Indicator is an implementation of the famous Coppock curve indicator first created by Edward Coppock in 1962. The indicator shows long term buy and sell opportunities(classically,it’s used for only buying) by measuring the weighted moving average (with a period of 10) of the sum of two rates of change (with a period of 14 and 11).It’s the classical version.

Imput parameters:
 . ROC1Peroid( default=14)- the period of the first Rate of Change in the sum.
 . ROC2Period( default=11)-the period of the second Rate of Change in the sum.
 .MAPeriod( default=10)- the period of the Moving Average of the sum.
 .MAType( only in MT4) (default=3(WMA))-the method of the Moving Average  of the sum.It’s not recommended to change it.

Configurable Indicator Options:
Colors ,ROC1period,ROC2period,MA period,MA type(SMA,EMA,SMMA,LWMA..)

Indicator Preference:
   Currency pairs: any
   Time frame: any
   Trading sessions:any

Trading Signals:
Buy: Indicator historgram bars above the 0.00 level
Sell: Indicator historgram bars belew the 0.00 level


How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.

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