Free Forex Indicators (MT4), Trend Following Indicators

Coppock Forex Indicator

Coppock Forex Indicator is an upgraded version of the popular Coppock Curve indicator, first developed by Edward Coppock in 1962. After about 57 years since its establishment, this indicator is still famous among the trend-following day traders around the world. The specialty of this trading indicator is, it demonstrates the trade signal in a simple manner and supplies quality trade signals carrying a greater probability of success at the same time.

Coppock Forex Indicator can be applied to trade all kinds of forex currency pairs available around the financial markets. Besides, it suits all sorts of timeframe charts within the forex MT4 platforms.

Coppock Forex Indicator Overview

Download and install the Forex Indicator at the MT4 terminal. Once you’re done, load it and find your trading chart like the following image

Coppock Forex Indicator Overview

Coppock Forex Indicator Explanation

Coppock Forex Indicator Explanation

Coppock Forex Indicator uses a 10-day period of weighed Moving Average for identifying the long-term buying and selling pressures. It also uses the sum of two rates of change (periods of 11 and 14) for detecting potential short-term swing areas of the market. All these calculations are done in the background and you’ll only need to keep an eye on the current value of the indicator. The value is positive means the momentum is bullish and a negative value represents the bearish momentum of the market.

Coppock Indicator: Buy Rules

Coppock Buy Rules

  • A bullish bar is formed at the bottom area of the chart
  • The indicator value turns positive at the same time
  • Buy triggers after the above conditions are met
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator value turns into negative 

Try: Heiken Ashi Smoothed BBsqueeze

Coppock Indicator: Sell Rules

Coppock Sell Rules

  • A bearish bar is formed at the top of the chart
  • The indicator value turns negative at the same time
  • Sell triggers after the above conditions are met
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator value turns into positive

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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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