Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Responsive Coppock: Tradingview Pinescript Code

32 sec read

Coppock Indicator is one of the investing style indicators to check whether to stick to the trends or not in the short term. Hull smoothing is applied in the indicator which will eventually reduce the lag component in the trend.

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// © marketcalls_in
//Coded by Rajandran R (Founder - Marketcalls/Co-Founder - Algomojo)

//@version=4
study(title = "Responsive Coppock Curve")

wmaLength = input(title="Length",defval=200,type=input.integer)
longRoCLength = input(title="Long ROC",defval=250,type=input.integer)
shortRoCLength = input(title="Short ROC",defval=200,type=input.integer)

source = input(title="Source",type=input.source,defval=hl2)

curve = roc(source, longRoCLength) + roc(source, shortRoCLength)
hullma = wma(2*wma(curve, wmaLength/2)-wma(curve, wmaLength), round(sqrt(wmaLength)))
bcolor = iff(hullma > 0, color.lime, color.red)
plot(hullma, title="Responsive Coppock", style=plot.style_histogram, linewidth=3,color = bcolor)
Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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