Trading indicator
Detrended Price OscillatorBacktest 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% |
Trading Performance
Detrended Price Oscillator
Score
0.8
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 6 | 67.3 | 0.50% | 1.00% | 11.2% | -1.8% | 28.4% |
| SHORT | 6 | 48.3 | 0.50% | 1.00% | 3.3% | -2.3% | 2.8% |
Summary
Technical Analysis
Australian Pipeline Trust (APA.AX)
Indicator:
DETREND PRICE OSCILLARTOR
Last Signal:
BULLISH
Trading: BUY @ $11
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 the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Australian Pipeline Trust (ASX:APA) currently has a confirmed uptrend. Price is currently above the displaced moving average for APA Currently, the return on DPO20 is 1.6%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Australian Pipeline Trust (APA.AX)
Stock Exchange: ASX
Company: Australian Pipeline Trust
Ticker Codes: | APA.AX | ASX:APA |
APA Group develops, owns, and operates natural gas transportation and energy infrastructure in Australia. The company operates through three segments: Energy Infrastructure, Asset Management, and Energy Investments. It operates natural gas pipelines, gas storage facilities, gas-fired power stations, and wind farms. The company has interests in approximately 15,000 kilometers of gas transmission pipelines; 28,400 kilometers of gas mains and pipelines; and 1.3 million gas consumer connections. It also owns and operates the Mondarra gas storage facility and the Emu Downs wind farm in Western Australia; 242 megawatt Diamantina and 60 megawatt Leichhardt power stations in Queensland; the Dandenong LNG storage facility in Victoria; and the Central Ranges gas distribution network servicing Tamworth in New South Wales. In addition, the company provides commercial, operating, and asset maintenance services to its energy investments and third parties; and invests in unlisted entities. APA Group is headquartered in Sydney, Australia.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOY Millennium Minerals | 0.13 | 13.6 | 1,861,319 | 0.03 | BULLISH |
| ONE Oneview Healthcare | 0.29 | 11.8 | 184,305 | 0.05 | BULLISH |
| MXI Maxitra Industries | 0.33 | 8.2 | 24,282 | 0.03 | BULLISH |
| SLR Silver Lake Resources | 1.45 | 8.2 | 9,252,383 | 0.53 | BULLISH |
| RSG Resolute Mining | 1.74 | 7.1 | 9,161,059 | 0.61 | BULLISH |
| PRU Perseus Mining | 0.71 | 6.8 | 12,414,565 | 0.22 | BULLISH |
| AQG Alacer Gold Corp | 5.42 | 6.3 | 936,317 | 1.21 | BULLISH |
| NST Northern Star Resources | 13.47 | 6 | 4,840,454 | 3.38 | BULLISH |
| WAF West African Resources | 0.39 | 5.4 | 3,897,020 | 0.09 | BULLISH |
| SBM St Barbara Mines | 3.55 | 5.3 | 5,019,351 | 0.6 | BULLISH |