Coppock Curve Expert Advisor Setup - Setting Up Coppock Curve Expert Advisor

Coppock Curve Expert Advisor Setup - Setting Up Coppock Curve Expert Advisor - A trader can come up with an Coppock Curve Expert Advisor based on the Coppock Curve indicator explained below.

Coppock Curve Expert Advisor rules can be combined with other indicators to come up with other EA Bots that trade using rules based on two or more indicators combined to form a system.

Coppock Curve Technical Analysis & Coppock Curve Signals

Developed by Edwin Sedgwick Coppock

This indicator was used for trading analysis of Stocks & Commodities in the beginning but was later used to trade Forex.

Forex Coppock Curve Expert Advisor Setup - Coppock Curve Automated Robot EA

Coppock Curve Expert Advisor Setup

The principle behind this is the psychology of trading, based on the theory that human habit is predictable. And price movement always oscillates in a zigzag manner.

The principle of adaptation levels applies to how price reacts at certain levels, stocks and currency prices will react in the same way or pattern as those observed historically.

Coppock Curve Technical Analysis and How to Generate Signals

In trading, The MA is the simplest form of an adaptation-levels, the market price will oscillate around the MA Moving Average. This forms the basis of this technical indicator, which is a longer-term oscillator trading based on this adaptation-levels(MA), but in a different way.

Oscillators usually begin by calculating a percentage% change of the current price from some previous price point, where the previous price point is the reference point (adaptation levels).

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

For example, If we compare prices relative to a year ago & we see that this month the market is up 20% compared to a year ago, last month it was up 15 % over a year ago, & 10 %, 7.5% and 5 percentage% respectively the months before that, then we may determine that the market is gaining momentum.

Basic signals also can be generated using the Coppock Curve to trade market reversals from extreme price levels. Looking for divergence and trendline breaks might also be combined to confirm the signal.

Implementation

The input levels of this technical indicator might need to be adjusted to better fit the dynamic nature of the forex currency markets trading.

Coppock Curve has a zero line reference point, but this doesn't represent the adaptation-levels but it's only a visual reference point only.

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Coppock Curve Expert Advisor Setup - Setting Up Coppock Curve Expert Advisor

Coppock Curve Technical Analysis & Coppock Curve Signals

Coppock Curve Technical Analysis and How to Generate Signals