Australian Stock Exchange

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%

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Trading Performance

Detrended Price Oscillator

Score

0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 37.2 0.38% 0.63% 10.3% -1.5% 39.9%
SHORT 13 19.5 0.08% 0.08% 9.3% -1.5% -8.5%

Summary

Technical Analysis

Australian Stock Exchange (ASX.AX)


Indicator:

DETREND PRICE OSCILLARTOR


Last Signal:

BULLISH


Trading: BUY @ $82.46
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 Stock Exchange (ASX:ASX) currently has a confirmed uptrend. Price is currently above the displaced moving average for ASX Currently, the return on DPO20 is -0.3%.



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 Stock Exchange (ASX.AX)


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

About Australian Stock Exchange (ASX:ASX):

ASX Limited, a multi-asset class and integrated exchange group, provides listings, trading, clearing, settlement, registry, and information and technical services in Australia and internationally. Its products comprise shares, indices, bonds, securities, exchange-traded products (ETFs) and other ETPs, managed funds, warrants, options, index derivatives, interest rate derivatives, grains derivatives, energy derivatives, and market making arrangements. The company also operates two trading, clearing and settlement platforms, such as ASX Trade is for equity and related equity derivative products and ASX Trade24 is for interest rate, equity index, and commodity futures products; helps product manufacturers to issue ETPs, warrants, and managed funds; and provides mFund settlement and trading services, as well as a range of solutions to access liquidity to financial market customers, including connections to other trading venues. In addition, it offers pricing and company information services through its various products and services comprising MarketSource, ComNews, and ReferencePoint; clearing risk management services; over-the-counter clearing; securities settlement facilities; and centralized securities depository tri-party collateral management services. Further, the company provides listing and issuer services to public companies and other issuers, as well as serves retail and institutional investors that invest in and trade securities. ASX Limited is based in Sydney, Australia.

Top 10:

Detrended Price Oscillator

Download
Company Close Change(%) Volume Value Signal
ASL Ausdrill 1.74 10.5 8,810,838 0.28 BULLISH
CLQ Clean Teq Holdings 0.38 10.3 4,365,526 0.09 BULLISH
RND Rand Mining 3.25 8.3 8,137 0.62 BULLISH
ALK Alkane Exploration 0.46 7.1 4,445,709 0.19 BULLISH
AJX Alexium International 0.16 6.9 1,232,642 0.02 BULLISH
BTI Bailador Technology Investments 1.03 6.2 579,514 0.07 BULLISH
FDV Frontier Digital Ventures 0.77 6.2 113,332 0.19 BULLISH
PNV Polynovo 1.56 5.1 4,075,815 0.42 BULLISH
MAH Macmahon 0.22 4.8 908,462 0.03 BULLISH
DNA Donaco International 0.11 4.8 2,736,673 0.03 BULLISH