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- 21 April 2005
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Thank you Snake. Less convincing simply means (a) it doesn't always work or (b) it doesn't work well using (bi) a specific time frame or (bii) using the bend at the top or bottom, rather than the actual breakthru zero which is supposed to be the crucial point.
Coppock has been discussed on various forums & there are definitely some investors who wouldn't leave home without it. I have recently posted a Metastock formula, if you haven't seen it I'll be happy to post it here.
"The best T/A indicators" as per the title of this thread, needs definition. certain indicators may be foolproof watertight ... but they are not always the fastest. others ... Macd, RSI etc ... give you really early warning, but is it always reliable?
another thing you've got to consider: do you want to work with for instance RSI (10) or (15) or (20) ... you will get different results! likewise if you vary the timing of the signal-line ... that's the one showing where the vital breakthru is going to be.
just summing up then: Coppock break-thru zero on the weekly chart is as good a medium term indicator as any ... I hope.
That is a good response Amory. Thanks.