|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
DETREND PRICE OSCILLARTOR
Trading: BUY @ $2.43
Signal Strength: STRONG
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.
Alumina (ASX:AWC) currently has a confirmed uptrend. Price is currently above the displaced moving average for AWC Currently, the return on DPO20 is 1.7%.
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: Alumina (AWC.AX)
Stock Exchange: ASX
Ticker Codes: | AWC.AX | ASX:AWC |
Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, the United States, Guinea, Brazil, and Spain, as well as an interest in a smelter in Victoria Australia; and a bauxite mine and alumina refinery in Saudi Arabia. It also provides shipping services through owned and chartered vessels that transport dry and liquid bulk cargoes, including bauxite, alumina, caustic soda, fuel oil, petroleum, coke, and limestone. The company was formerly known as WMC Limited and changed its name to Alumina Limited in December 2002 as part of the demerger of the WMC Group. Alumina Limited was founded in 1970 and is headquartered in Southbank, Australia.
|AQG Alacer Gold Corp||4.42||8.6||637,521||0.4||BULLISH|
|WGX Westgold Resources||1.69||6.3||616,095||0.21||BULLISH|
|NST Northern Star Resources||10.54||5.6||3,773,663||1.47||BULLISH|
|SAR Saracen Mineral||3.66||5.5||4,153,957||0.57||BULLISH|
|FMG Fortescue Metals||8.8||5.4||17,285,949||0.75||BULLISH|
|PRU Perseus Mining||0.5||5.3||6,327,147||0.04||BULLISH|
|DNA Donaco International||0.11||5||843,519||0.03||BULLISH|
|CIA Champion Iron||3.24||4.9||531,475||0.61||BULLISH|