Coppock Curve Strategy

The indicator is derived by taking a weighted moving average of the rate-of-change (ROC) of a market index such as the S&P 500 or a trading equivalent such as the S&P 500 SPDR ETF. For more info: (investopedia.com/articles/active-trading/031814/using-coppock-curve-generate-stock-trade-signals.asp)
This strategy uses
Buy signals are generated when the Coppock Curve crosses above zero, and sell signals are generated when it crosses below.
An optional, trailing stop loss is available, with default settings to 100% so that it does not currently affect the buy and sell signals solely generated by the Coppock Curve. But you may find adding a Trailing stop loss may improve results on certain ETF's/Stocks.
You may also change the symbol for which signals are generated for, default is $SPY.
The published example shows using this strategy on a leverage ETF
Any questions, please let me know!
Originally I had optional trailing %stop loss coded, but after a lot of back-testing I was finding it virtually useless. Noticing substantial % run ups, I decided to implement a % based target, and this dramatically improved results.
Default % based profit target settings are set for
Win rate % has dramatically improved with this setting. Also, you can set the Take profit % tighter, say 5%... this will produce win rates over 80% which is incredible, but the win/loss ratio will be much smaller. So the options here are great for longer term and shorter term traders.
I also changed the ticker which calculates Coppock Curve from SPY to NYA as this also improved results.
Any questions, please let me know!
Also changed Copp Curve from Line to Histogram.
1. Time stamp so you can test from a different start date
2. I use this exclusively on daily time frame, but you can now switch resolution and test intraday
3. Had to change the color scheme because Indicators that don't POP just aren't as fun.
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.