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Forex Indicator Coppock Curve

The Coppock Curve was developed by Edwin Sedgwick Coppock in 1962 and featured in the November 1994 issue of Technical Analysis of Stocks & Commodities, in the article "The Coppock Curve".

Interpretation

The moving average is the simplest form of adaptation-level. The Coppock Curve Indicator is a longer term oscillator based on adaptation-levels, but in a different way. Oscillators usually begin by calculating a % change of current price from some previous price, where the previous price is the reference point (adaptation-level).

Edwin Coppock reasoned that the market participants' emotional state could be quantified by summing up the % changes over the recent past to get a general sense of the market's longer term momentum.

For example: If we compare prices relative to a year ago and we see that this month the market is up 15% over a year ago, last month it was up 12.5% over a year ago, and 10%, 7.5% and 5% respectively the months before that, then we may gauge that the market is gaining momentum.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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