The Coppock Curve was developed by E.S.C. Coppock, the founder of Trendex Research in San Antonio, Texas. The Coppock Curve is an indicator for long term investors and generally helps with market moves between 6 weeks and 12 months. The indicator was developed for use on a monthly time frame chart.

If the Coppock Curve has a reading above the zero line, the asset is considered to be bullish.

If the Coppock Curve has a reading below the zero line, the asset is considered to be bearish.

Calculation:

The indicator takes the 14-month rate of change and the 11-month rate of change adds them together and then is smoothed out by a 10-period weighted moving average (WMA).

Coppock Curve = WMA[ 10 ]( ROC[ 14 ] + ROC[ 11 ] )