Coppock Histogram Indicator
Info
The Coppock Histogram Indicator is a Indicator for MetaTrader 5 that this indicator, developed by e. Coppock, was introduced in the 1960s and initially featured in Barron's magazine.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Coppock Histogram Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator, developed by E.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: RSI Histogram Indicator for MT5 - another powerful indicator for MetaTrader 5 traders.
This indicator, developed by E. Coppock, was introduced in the 1960s and initially featured in Barron's magazine. It was designed for long-term investments at the request of the Episcopal Church.Also recommended: multi-timeframe macd histogram indicator (v03) - similar indicator with strong performance on MetaTrader 5.
Formula:
where:
ema(w,t) represents the exponential moving average over 'w' periods.
roc(l,t) + roc(s,t) is the sum of rate-of-change indicators for long (l) and short (s) periods.
Trading:
The Coppock Histogram is a 10-month moving average of the sum of 14- and 11-month ROC indicators. Trading signals are generated when the indicator changes direction. Long positions can be opened when the histogram crosses above zero, and short positions when it crosses below zero.
Input Parameters:
The indicator utilizes the Сmoving_average class from the smoothalgorithms.mqh library, as detailed in the referenced article. The original version was coded in MQL4 and published on June 3, 2026.
You may also like: macd histogram indicator (multi-color) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_color_histogram
#property indicator_color1 clrdeeppink,clrviolet,clrgray,clrdodgerblue,clrlime
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.