The Coppock Curve Indicator is a popular and free Forex indicator that is used to identify long-term trends in the currency markets. Developed by Edwin Coppock in 1962, the Coppock Curve Indicator is a momentum oscillator that is designed to identify the beginning of long-term bull markets. The indicator is based on the sum of two weighted moving averages of the rate of change of a security. The Coppock Curve Indicator is calculated by taking a 14-period weighted moving average of the 11-period rate of change of a security. The Coppock Curve Indicator is then smoothed with a 10-period weighted moving average. The indicator is typically plotted on a chart with a range of 0 to 100. When the Coppock Curve Indicator is below zero, it indicates a bearish market. When the indicator is above zero, it indicates a bullish market. Overall, the Coppock Curve Indicator is a popular and useful tool for Forex traders looking to identify long-term trends in the markets.
The Coppock Curve Indicator is a popular and useful MT4 tool for Forex traders. The Coppock Curve Indicator helps traders to identify long-term trends in the market. The indicator is a combination of two moving averages which are calculated by taking the sum of the 14-period rate of change of a security and the 11-period rate of change of a security and then adding the two figures together. The Coppock Curve Indicator is a powerful tool that can help traders to make informed decisions in the Forex market.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.