Coppock Curve MultiFilter Fixed

Coppock Curve Multi-Filter [MarkitTick]

Coppock Curve Multi-Filter [MarkitTick] is an advanced, multi-filtered momentum oscillator built for MetaTrader 5 (MQL5). Originally designed as a long-term monthly momentum indicator for stocks, this enhanced version incorporates adaptive smoothing filters, advanced confirmation layers (ADX, Divergence, Slope Acceleration, Volume, MTF Alignment, and Volatility Bands), and on-chart trade execution tools to make it highly effective across intraday and multi-asset trading.

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Key Features

1. Advanced Adaptive Core & Smoothing

• Flexible Smoothing Engine: Combines long and short Rate of Change (ROC) periods smoothed with a Weighted Moving Average (WMA), offering classic Coppock calculations alongside nine built-in adaptive calculation types (SMA, EMA, RMA, DWMA, TVWMA, HMA, LLAMA, and Kalman filters).

• Separate Window Display: Renders a color-coded Coppock line and optional multi-color histogram in a dedicated indicator subwindow below your main chart.

• Zero-Cross Detection: Automatically highlights bullish and bearish zero-line crossovers with custom signal arrows.

2. Comprehensive Multi-Filter Suite

Filter out false breakouts and weak trends using a customizable rule-based gating system:

• ADX Filter: Ensures signals are only taken during trending market conditions based on a customizable Average Directional Index threshold.

• Slope Acceleration: Filters entries by verifying momentum velocity and acceleration/deceleration between bars.

• Divergence Detection: Automatically tracks price and indicator swing pivots to spot potential bullish and bearish divergences.

• Volume Confirmation: Validates momentum moves using tick volume relative to a moving average length.

• HTF Alignment (MTF): Filters trades based on higher-timeframe Coppock curve direction.

• Volatility-Adjusted Zero Bands: Uses standard deviation bands around the zero line to prevent whipsaws during ranging periods.

• Signal Persistence: Requires signals to maintain momentum for a set number of persistence bars.

3. On-Chart Trade Management Tools

• Dynamic R-Multiples: Automatically plots entry price, stop-loss, and multi-tier take-profit levels ($TP1$, $TP2$, $TP3$) based on Average True Range (ATR) multiples.

• Live Outcome Tracking: Scans price action historically and in real time to stamp hits ( ✓HIT ) and percentage gains/drawdowns directly onto your chart levels.

• Built-in Dashboard & Alerts: Features an on-screen data panel showing current curve value, directional bias, active signal status, and filter metrics, alongside optional popup alerts.

How It Works

1. ROC Calculation: The indicator computes dual Rate of Change values (long and short periods) applied to either the raw close or an selected adaptive filter source.

2. Weighted Sum & WMA: The ROC values are summed and then smoothed using a WMA to construct the final Coppock curve line.

3. Multi-Filter Gate Evaluation: Before generating a valid buy or sell arrow, the engine passes the curve through all active filter criteria (ADX, volume, MTF alignment, and slope acceleration).

4. Trade Level Projection: Upon a confirmed signal, the script automatically maps out an ATR-based risk-to-reward matrix on the main chart window.

Input Settings Guide

Core Settings

Filter Suite

Trade Tools & Visuals