Invented by Edward Coppock, the Coppock indicator for Metatrader 4 provides traders with easy to read buy and sell trade opportunities.
The indicator is based on rate of change (ROC) and the moving average indicator.
The figure below shows an example of the indicator on the 4-hour EUR/USD chart. Buy above 0.00 level, sell below 0.00.
Trading Signals
Buy: Coppock indicator histogram bars above the 0.00 level.
Sell: Coppock indicator histogram bars below the 0.00 level.
Indicator Preferences
Currency pairs: any
Time frames: any
Trading sessions: any
Download
Download the coppock.mq4 indicator.
Configurable Indicator Options
Colors, ROC1 period, ROC2 period, MA period, MA type (SMA, EMA, SMMA, LWMA),…
How to install the Coppock custom indicator in Metatrader 4?
- Download the coppock.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.