Last Updated on June 26, 2025 by Tim Morris
The indicator is designed only for signalling about a bullish trend starting on the market. The calculation formula is not designed for bearish direction, but is sometimes is used by traders. Signal is generated when the indicator line crosses the zero level upwards.
The indicator has four input parameters:
- Period – calculation period;
- Period ROC 1Â – period for calculating the first ROC (rate of price change 1);
- Period ROC 2Â – period for calculating the second ROC (rate of price change 2);
- Applied price – price used for calculations.
Calculations:
Coppock(Period) = LWMA (ROC(Period ROC 1) + ROC(Period ROC 2))
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 90% VIP Cash Rebates for all Trades!Â
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90
(Free MT5 Indicators Download)
Enter Your Email Address below, download link will be sent to you.
Get Download Link