What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Tricklar Trend

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 4 140.8 0.50% 0.67% 17.1% -2.8% 25.7%
SHORT 4 87.3 0.50% 1.00% 19.6% -3.8% 31.8%

Summary

Technical Analysis

Allomak (AMA.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BEARISH


Trading: SELL @ $1.355
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Allomak (ASX:AMA) has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the Oct 3 2019.



The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


PROFILE: Allomak (AMA.AX)


Stock Exchange: ASX
Company: Allomak
Ticker Codes: | AMA.AX | ASX:AMA |

About Allomak (ASX:AMA):

AMA Group Limited operates in the wholesale vehicle aftercare and accessories market in Australia. The company operates through Vehicle Panel Repair, Vehicle Protection Products, Automotive Electrical & Cable, and Automotive Component Remanufacturing segments. It provides vehicle panel repair services; manufactures alloy frontal protection equipment for 4wd, SUV, passenger, and light commercial vehicles, as well as for light and medium trucks; distributes electrical and cable accessories and solutions for the automotive, mining, industrial, transport, electrical, and marine industries; and remanufactures vehicle transmissions. The company was formerly known as Allomak Limited and changed its name to AMA Group Limited in December 2009. AMA Group Limited is based in Margate, Australia.

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Tricklar Trend

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