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%

What indicators would you like to backtest?

Trading Performance

Tricklar Trend

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 8 46.3 0.13% 0.14% 3.6% -10.6% -70.7%
SHORT 8 45.3 0.38% 0.50% 11.5% -4.0% 10.5%

Summary

Technical Analysis

AMP (AMP.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BEARISH


Trading: SELL @ $2.21
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.


AMP (ASX:AMP) has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the May 21 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: AMP (AMP.AX)


Stock Exchange: ASX
Company: AMP
Ticker Codes: | AMP.AX | ASX:AMP |

About AMP (ASX:AMP):

AMP Limited operates as a wealth management company in Australia, New Zealand, and internationally. It operates through six segments: Australian Wealth Management, AMP Capital, Australian Wealth Protection, AMP Bank, New Zealand Financial Services, and Australian Mature. The company offers financial advice and superannuation, retirement income, and investment products; superannuation services for businesses; administration, banking, and investment services for self-managed superannuation funds (SMSF); income protection, disability and life insurance, and selected banking products; and residential mortgages, deposits, transaction banking, and self-managed superannuation fund products, as well as SMSF software. It also manages investments in equities, fixed interest, infrastructure, real estate, diversified, multi-manager, and multi-asset funds; and offers commercial, industrial, and retail real estate management services. In addition, the company offers various products, including whole of life, endowment, investment linked, investment accounts, retirement savings accounts, eligible rollover funds, annuities, insurance bonds, personal superannuation, and guaranteed savings accounts; and individual and group, term life, disability, and income protection insurance products. Further, it provides phone and Internet banking services. The company was founded in 1849 and is based in Sydney, Australia.

Top 10:

Tricklar Trend

Download
Company Close Change(%) Volume Value Signal
EVO Evolve Education 0.14 16.7 7,630,518 -1 BEARISH
CLQ Clean Teq Holdings 0.32 12.5 2,429,222 -1 BEARISH
DNA Donaco International 0.08 8.7 2,085,383 -1 BEARISH
CCV Cash Converters International 0.16 6.7 1,215,613 -1 BEARISH
CSV CSG 0.17 6.3 176,879 -1 BEARISH
DWS DWS 0.98 6 76,148 -1 BEARISH
SWM Seven West Media 0.53 6 4,363,523 -1 BEARISH
CGL The Citadel 4.33 5.1 176,486 -1 BEARISH
GCY Gascoyne Resources 0.04 5 3,915,995 -1 BEARISH
WAF West African Resources 0.33 4.8 1,989,178 -1 BEARISH