Coppock Indicator for mt4 - Best forex scalping strategies

 Coppock MetaTrader indicator — is an execution of the famous Coppock curve indicator first created by Edward Coppock in 1962. The indicator shows long-term buy and sell possibilities (classically, it's used just for buying) by calculating the weighted moving average (with a time period of 10) of the sum two prices
of modification (with a time period of 14 and 11). It's the classical variation. In this MetaTrader variation, you are able to modify the parameters regarding the basic indicators. You can make use of this Coppock indicator in MT4 and MT5.

Input parameters:

    ROC1Period (default = 14) — the period of the first Rate of Change in the sum.
    ROC2Period (default = 11) — the time of the second price of Change into the amount.
    MAPeriod (default = 10) — the amount of the Moving Average of the amount.
    MAType (only in MT4) (standard = 3 (WMA)) — the method of this Moving Average for the sum. It isn't recommended to change it out.

The key strategy when trading utilizing the Coppock indicator is buying if the curve begins increasing from a trough below zero and to market when the bend begins falling from a top above zero.

 Tiny tops and troughs (weighed against the surrounding) are disregarded. The indicator helps capture the trends in their early stages. But don't expect to enter on the actual maximums and minimums along with it.