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Re: Coppock Curve



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<DIV>Below the articles: Equis article, TAM magazine's Jan van Gemeren's 
formulas,</DIV>
<DIV>and an old mail on the subject. Hope they all 
work......................</DIV>
<DIV>Know one of the Canadian Exchages uses CC on their website for their 
visitors(T?).</DIV>
<DIV>Know the Curve is not for ST trading, but works very well IMT+LT.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Regards,</DIV>
<DIV>Ton Maas</DIV>
<DIV>Ms-IRB@xxxxxxxxx</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>============================================</DIV>
<DIV>Coppock Curve </DIV>
<DIV>&nbsp;</DIV>
<DIV>NAME: Coppock Curve - E.S.C. Coppock<BR>{As published in TAM-mag Apr97 p.15 
<BR>Article by J van Gemeren}</DIV>
<DIV>&nbsp;</DIV>
<DIV>Formula:<BR>Mov(Mov(C,22,S)/Mov(Ref(C,-250),22,S),150,E)-1</DIV>
<DIV>=============================================</DIV>
<DIV>CoppockMomentum - Edwin Coppock</DIV>
<DIV>&nbsp;</DIV>
<DIV>Formula:<BR>{As published in TAM-mag Feb97 issue p10<BR>Mid-Term Indicator 
with 0 crosses as buy/sell<BR>signals and divergence as &quot;correction 
indicator&quot;<BR>see also Coppock Trade System-indicator}</DIV>
<DIV>&nbsp;</DIV>
<DIV>((Mo(14)*1)+<BR>(Mo(13)*2)+<BR>(Mo(12)*3)+<BR>(Mo(11)*4)+<BR>(Mo(10)*5)+<BR>(Mo(9)*6)+<BR>(Mo(8)*7)+<BR>(Mo(7)*8)+<BR>(Mo(6)*9)+<BR>(Mo(5)*10)+<BR>(Mo(4)*11)+<BR>(Mo(3)*12)+<BR>(Mo(2)*13)+<BR>(Mo(1)*14))/14</DIV>
<DIV>&nbsp;</DIV>
<DIV>NAME:<BR>CoppockMomentum Trade System - Edwin Coppock</DIV>
<DIV>&nbsp;</DIV>
<DIV>Formula:<BR>{As published in TAM-mag Feb97 issue p10<BR>Mid-Term Indicator 
with 0 crosses as buy/sell<BR>signals and divergence as &quot;correction 
indicator&quot;<BR>see also Coppock-indicator}</DIV>
<DIV>&nbsp;</DIV>
<DIV>(If(<BR>fml( &quot;CoppockMomentum - Edwin Coppock&quot; )&gt;<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-1)AND<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-1)&gt;<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-2),+1,0))<BR>AND<BR>(If(<BR>fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; )&lt;<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-1)AND<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-1)&lt;<BR>Ref(fml( 
&quot;CoppockMomentum - Edwin Coppock&quot; ),-2),-1,0))</DIV>
<DIV>=============================================</DIV>
<DIV>-----Original Message-----<BR>From: Greatelto &lt;<A 
href="mailto:Greatelto@xxxxxxx";>Greatelto@xxxxxxx</A>&gt;<BR>To: <A 
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A> 
&lt;<A 
href="mailto:metastock-list@xxxxxxxxxxxxx";>metastock-list@xxxxxxxxxxxxx</A>&gt;<BR>Date: 
Thursday, December 11, 1997 10:08 PM<BR>Subject: Momentum Index</DIV>
<DIV>&nbsp;</DIV>
<DIV><BR>&gt;Has anybody heard of or know where to find info on the Coppock 
Curve?&nbsp; I<BR>&gt;understand it is a momentum index based on a combination 
of two rate of<BR>change<BR>&gt;measures and has a very good record of 
identifying bottoms and new advance<BR>&gt;phases when the index itself moves 
from an oversold condition.&nbsp; It recently<BR>&gt;did just that, suggesting 
strength into the year end and early 1998.<BR>&gt;<BR>&gt;If anyone can help, 
please advise.&nbsp; Thanks....<BR>&gt;<BR>&gt;Jerry<BR>&gt;</DIV>
<DIV>&nbsp;</DIV>
<DIV><BR>Well, here is the Coppock Curve formula for MetaStock...sorry it is so 
long, but that's<BR>life sometimes.&nbsp; I don't display a scale and I also set 
a horizontal at &quot;zero&quot; just for better<BR>visualization.&nbsp; If you 
want to set a scale that makes sense, you should probably multiply<BR>the whole 
formula by maybe 10000 or 100000 to have a set of numbers that 
make<BR>sense.<BR>(ROC( CLOSE,14 ,percent )*10 + ROC(CLOSE,11,percent)*10 + 
<BR>ROC(Ref(CLOSE,-1),14,percent)*9+ROC(Ref(CLOSE,-1),11,percent)*9+<BR>ROC(Ref(CLOSE,-2),14,percent)*8+ROC(Ref(CLOSE,-2),11,percent)*8+<BR>ROC(Ref(CLOSE,-3),14,percent)*7+ROC(Ref(CLOSE,-3),11,percent)*7+<BR>ROC(Ref(CLOSE,-4),14,percent)*6+ROC(Ref(CLOSE,-4),11,percent)*6+<BR>ROC(Ref(CLOSE,-5),14,percent)*5+ROC(Ref(CLOSE,-5),11,percent)*5+<BR>ROC(Ref(CLOSE,-6),14,percent)*4+ROC(Ref(CLOSE,-6),11,percent)*4+<BR>ROC(Ref(CLOSE,-7),14,percent)*3+ROC(Ref(CLOSE,-7),11,percent)*3 
+<BR>ROC(Ref(CLOSE,-8),14,percent)*2+ROC(Ref(CLOSE,-8),11,percent)*2+<BR>ROC(Ref(CLOSE,-9),14,percent)+ROC(Ref(CLOSE,-9),11,percent))/2<BR>The 
formula, however, is only of academic interest unless it is used with 
either<BR>Coppock's original intent (I don't like it since it usually gets out 
far too early in trending<BR>markets/stocks) or with a slight modification that 
I developed over the last couple of<BR>years and will be publishing in the 
Market Technicians Association Journal sometime<BR>over the next few 
months.&nbsp; Without getting into too much verbiage, you can set up a<BR>system 
test that uses my modifications as follows:<BR>Let's assume that you have called 
the above formula &quot;Coppock Curve.&quot;<BR>Signal Formulas<BR>Enter 
Long:<BR>Fml(&quot;Coppock Curve&quot;) &gt; Ref(Fml(&quot;Coppock Curve&quot;), 
-1)<BR>AND<BR>((Close &gt; Ref(Open,-1) AND Ref(Black(),-1))<BR>OR<BR>(Close 
&gt; Ref(Close,-1) AND Ref(White(),-1)))<BR>Close Long:<BR>Fml(&quot;Coppock 
Curve&quot;) &lt; Ref(Fml(&quot;Coppock Curve&quot;),-1)<BR>AND<BR>((Close &lt; 
Ref(Open,-1) AND Ref(White(),-1))<BR>OR<BR>(Close &lt; Ref(Close,-1) AND 
Ref(Black(),-1)))<BR>Enter Short:<BR>Fml(&quot;Coppock Curve&quot;) &lt; 
Ref(Fml(&quot;Coppock Curve&quot;),-1)<BR>AND<BR>((Close &lt; Ref(Close,-1) AND 
Ref(Black(),-1))<BR>OR<BR>(Close &lt; Ref(Open,-1) AND 
Ref(White(),-1)))<BR>Close Short:<BR>Fml(&quot;Coppock Curve&quot;) &gt; 
Ref(Fml(&quot;Coppock Curve&quot;),-1)<BR>AND<BR>((Close &gt; Ref(Close,-1) AND 
Ref(White(),-1))<BR>OR<BR>(Close &gt; Ref(Open,-1) AND Ref(Black(),-1)))<BR>This 
approach works well with monthly, weekly, daily, hourly etc charts.&nbsp; 
Visually, I like<BR>to use candlestick charts since it is easier to 
&quot;see&quot; the trading signals as they appear<BR>on the chart.&nbsp; Try 
this out on several of your favorite stocks and you will be pretty<BR>amazed at 
how well it works, particularly versus a buy-and-hope strategy.<BR>Good 
luck.<BR>SectorBets<BR></DIV>
<DIV>=============================================</DIV><FONT face=Arial size=2>
<P><FONT size=5>Coppock Curve</FONT> 
<P><FONT size=1>rev. 01/06/97<BR></FONT>
<P>The Coppock Curve was developed by Edwin Sedgwick Coppock in 1962. It was 
featured in the November 94 issue of <U>Technical Analysis of Stocks &amp; 
Commodities</U>, in the article &quot;<I>The Coppock Curve&quot;</I>, written by 
Elliot Middleton.: <BR>
<P>Taken from Stocks &amp; Commodities, V. 12:11 (459-462): The Coppock Curve by 
Elliott Middleton 
<P>&quot;We are creatures of habit. We judge the world relative to what we have 
experienced. If we're shopping for a mortgage and rates have been in the teens 
(as they were in the early 1980s) and then drop to 10%, we are elated. If, 
however, they've been at 8% and then rise to 10%, we are disappointed. It all 
depends on your perspective. 
<P>The principle of adaptation-level applies to how we judge our income levels, 
stock prices and virtually every other variable in our lives. Psychologically, 
relativity prevails.. 
<P>SIMPLEST FORMS 
<P>The moving average is the simplest form of adaptation-level. Moving average 
crossover rules accurately signal the onset of periods of returns outside the 
norm, whether positive or negative. This makes moving average crossovers useful 
to traders who want to get a boost on entering or exiting stocks or funds. 
<P>The oscillator is also based on adaptation-level, although in a slightly 
different way. Oscillators generally begin by calculating a percentage change of 
current price from some previous price, where the previous price is the 
adaptation-level or reference point. The mind is attuned to percentage changes 
because they represent returns. If you bought Microsoft Corp. stock (MSFT) at 
$50 and it goes to $80, you make 60% before dividends. If you bought Berkshire 
Hathaway (BRK) at $4,000 and it rises to $4,030, the same dollar gain, you make 
0.75% before dividends. It's the percentage change that counts. Relativity 
again. 
<P>Coppock reasoned that the market's emotional state could be determined by 
adding up the percentage changes over the recent past to get a sense of the 
market's momentum&nbsp; (and oscillators are generally momentum 
indicators&nbsp;). So if we compare prices relative to a year ago - which 
happens to be the most common interval - and we see that this month the market 
is up 15% over a year ago, last month it was up 12.5% over a year ago, and 10%, 
7.5% and 5%, respectively, the months before that, then we may judge that the 
market is gaining momentum and, like a trader watching for the upward crossover 
of the moving average, we may jump into the market.&quot; 
<P>The MetaStock™ formula for the Coppock Curve is: 
<P>(MOV(ROC(MOV(C,22,S),250,%),150,E))/100<BR><BR></P></FONT></BODY></HTML>
</x-html>From ???@??? Wed Oct 21 11:16:13 1998
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From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Re: Coppock Curve
Date: Wed, 21 Oct 1998 09:57:45 -0700
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Tom,

I've been told that the Jan. '93 issue contains an article(s) on the
Stochastic Momentum Index and the True Strength Index.  If you could take a
peek and confirm that, it would be of great help.  I don't know if you have
a scanner, but I'd be move than willing to compensate you for your time and
effort to dig up this information.

Thanks for replying,

Steve Karnish
CCT

----------
> From: Tom Strickland <tstrickland@xxxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Coppock Curve
> Date: Wednesday, October 21, 1998 8:40 AM
> 
> Steve,
> 
> I have a copy of the January 1993 issue ot TASC. What are you looking for
> in this issue?
> 
> Tom Strickland
> 
> 
> 
> At 06:44 AM 10/21/98 -0700, you wrote:
> >List,
> >
> >Can someone direct me to an article or a http site that might shed some
> >light on the Coppock Curve?  Also, does anyone have a January '93 issue
of
> >TASC?  Please contact me and I'll trade out pumpkins, dried flowers,
> >Hungarian hot peppers, or pure water in exchange for some help or
> >direction.
> > 
> >Steve Karnish
> >CCT
> >
> >