It shows Coppock with its own moving average. (Yes, in a way, 3 moving averages.)
Advised to use :
Weakness: mourning period certainly not the same for everyone.
Advised to use :
- for long term, certainly not for day-trade;
- on daily charts;
- not as a standalone indicator, helps to read RSI, Klinger, TSI, CCI, etc.
- as momentum-signaling: crossing 0, inflection points, crossover
- as a quasi-centered, quasi oscillator, but not proportional always.
Weakness: mourning period certainly not the same for everyone.