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

Triangular Moving Average

Score

-0.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 13.7 0.23% 0.29% 4.5% -1.8% -10.9%
SHORT 26 16.1 0.27% 0.32% 6.4% -1.3% 16.8%

Summary

Technical Analysis

Boral (BLD.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $5.39
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.


Boral (ASX:BLD) currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.7%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Boral (BLD.AX)


Stock Exchange: ASX
Company: Boral
Ticker Codes: | BLD.AX | ASX:BLD |

About Boral (ASX:BLD):

Boral Limited manufactures and supplies building and construction materials in Australia, the United States, and the Asia Pacific. It offers aggregates, ash, asphalt, blocks, bricks, cement, cement additives and dry mixes, commercial pavers, concrete, decorative concrete, grout, lime, oxides, pavers, plasterboard, plastering DIY bags, retaining walls, and roof tiles; and pool surfacing, quarry, sand quarry and specialized, stabilization, stone, and structural timber products, as well as timber cladding, decking, and flooring products. The company also provides material technical, pallet pick-up, and roof tiling installer services; and engages in the transport and property activities. It serves residential and non-residential construction, and the engineering and infrastructure markets. Boral Limited was founded in 1946 and is headquartered in North Sydney, Australia.

Top 10:

Triangular Moving Average

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