Unortodox thinking: Coppock in any time frame $SPX #markets #trading #trendfollowing
The ‘rules’ say that the Coppock indicator (curve) should be used on monthly charts to detect important lows of the market.
(Keywords: monthly, important lows)
Let’s break these rules and use Coppock in any time frame both for trends, tops and bottoms. Why? Because the indicator is based on Rate of Change (ROC) that is unrelated to the time frame.
S&P 500 ($SPX) daily
S&P 500 ($SPX) weekly
S&P 500 ($SPX) monthly