Like many people who use technical analysis I use two moving averages on my charts and when these cross I derive signals. When the averages cross in an upwards direction that is a golden cross buy signal. When the averages cross in a downward direction that is a dead cross sell signal.
I have noticed two things on the charts I use. First, that on 3m candlestick charts, where each candlestick represents three months of price action in a vertical bar, there is a marked tendency for 3m golden crosses to coincide with Coppock buy signals. Secondly, I have noticed that if I use only changes in direction in the shorter moving average to generate signals they coincide almost exactly with the Coppock signals and work as well as the crosses but slightly sooner.
My moving averages are coloured red for the longer nine month average and blue for the shorter five month average; that is why I say it is all in the blue.
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