Coppock Curve Indicator AnalysisSome people say as it is one of the pre-requisite conditions for a new bull market.Its history is back in 1962 when it was first published in Barron’s by Edwin Coppock.
It is not a short term or intra day tool but it is really good for determining or forecasting the long-term price momentum.Many analysts treat it as a reliable indicator
of finding the difference between the bear market rallies and true bottoms in the stock market.
Well this indicator as we already told you is for long term atleast a month and is calculated as a 10-month weighted moving average of the sum of the 14-month rate of change and the 11-month rate of change for the index
1) use monthly data
2) use closing prices
3) calculation A: 14 month rate of change
4) calculation B: 11 month rate of change
5) summation of: (calculation A + calculation B)
6) take the 10 month weighted moving of the value in line 5
(WAverage((RateofChange(C,14) + RateofChange(C,11)),10))
well here is the formula used by meta stock software
We don’t think there is any tool which is providing this indicator free online so it is better to look for a software which you can download metastock is one which has included this indicator.
Learn how to calculate it using software http://www.safehaven.com/article-1766.htm