The Coppock Indicator is a classic long-term trend-following tool based on the famous Coppock Curve, originally developed by Edward Coppock in 1962. It is widely used to identify major market turning points and long-term buying opportunities, particularly in trending markets.

This MetaTrader implementation faithfully follows the classical Coppock Curve formula while allowing traders to adjust key parameters for flexibility. The indicator is available for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and is displayed in a separate indicator window below the price chart.

How the Coppock Indicator Works
The Coppock Indicator is calculated using:

• The sum of two Rate of Change (ROC) values
• A Weighted Moving Average (WMA) applied to that sum

In its classical form, the indicator uses:

• ROC periods of 14 and 11
• A 10-period Weighted Moving Average

This structure smooths price momentum and filters out short-term market noise, allowing traders to focus on long-term trend direction rather than short-term fluctuations.

Input Parameters
The MetaTrader version of the Coppock Indicator provides the following adjustable settings:

• ROC1Period (default: 14) – Period of the first Rate of Change calculation
• ROC2Period (default: 11) – Period of the second Rate of Change calculation
• MAPeriod (default: 10) – Period of the Moving Average applied to the combined ROC values
• MAType (MT4 only, default: WMA) – Type of Moving Average used for smoothing (changing this is not recommended)

Trading Strategy and Interpretation
The classical strategy for using the Coppock Indicator focuses on long-term market cycles:

• Buy Signal:
  When the Coppock Curve forms a trough below the zero line and then starts rising, it suggests the beginning of a new long-term uptrend.
• Sell Signal:
  When the curve forms a peak above the zero line and then starts falling, it signals a potential end of the long-term uptrend.

Minor fluctuations, small peaks, and shallow troughs are typically ignored, as the indicator is designed to capture major trend movements, not short-term price swings.

While the Coppock Indicator helps traders enter trends at relatively early stages, it is not designed to pinpoint exact market tops or bottoms. Instead, it provides a smoother and more reliable framework for long-term trend participation.

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