Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Incredible Sensex and Coppock Indicator

36 sec read

Here is the 5 year charts for sensex. From the charts it is witnessed that coppock indicator shows negative value -36 with negative slope which indicates ongoing bear market. Only the positive slope with coppocks value above Zero with positive slope will target Bull Markets in Long Term.
 

To calculate the Coppock Indicator:

  1. Calculate 14 month Rate of Change (Price) for the index. Use monthly closing price.
  2. Calculate 11 month Rate of Change (Price) for the index. Use monthly closing price.
  3. Add the results of 1 and 2.
  4. Calculate a 10 month weighted moving average of the result.
And Here is the Latest Technical info from from the trading diary of incredible charts
 
The Sensex is headed for another test of support at 9000. Twiggs Money Flow (21-Day) holding below zero indicates selling pressure. Expect a downward breakout to test 8000 in the short/medium-term, but the calculated target is 6000, the 2005 low. That is 8500 – ( 11000 – 8500 ). Reversal above 11000 is unlikely in the present climate.
 
 

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Want to know who is coppock?

Here are few list of posted Coppock Buy list filed in marketcalls earlier. You could see how coppock performs a long term play  ...
Rajandran R
13 sec read

Coppock, Nifty and the AFL code

  Here is the Formulas to calculate the coppock indicator extracted from incredible charts To calculate the Coppock Value: 1)Calculate 14 month Rate of...
Rajandran R
52 sec read

Coppock turn positive for two more stocks

  During June 2009, I had mentioned about three stocks for which coppock turns positive . And two more stocks come under my observation today....
Rajandran R
17 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More