What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Cole's Reaction Day

Score

0.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 15 41.5 0.53% 1.00% 6.1% -6.9% -6.5%
SHORT 14 9.3 0.71% 1.25% 2.8% -1.3% 17.2%

Summary

Technical Analysis

BSE (BSE.AX)


Indicator:

COLES REACTION DAY


Last Signal:

BEARISH


Trading: SELL @ $0.23
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


BSE (ASX:BSE): Coles Reaction (LL)



Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.

Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday


PROFILE: BSE (BSE.AX)


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

About BSE (ASX:BSE):

Base Resources Limited produces and sells mineral sands in Africa. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns 100% interests in the Kwale mineral sands project located in Kenya. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010. Base Resources Limited is based in West Perth, Australia.

Top 10:

Cole's Reaction Day

Download
Company Close Change(%) Volume Value Signal
CII Ci Resources 1.34 16.1 7,170 0 NEUTRAL
PNV Polynovo 1.94 11.8 11,074,353 0 NEUTRAL
BFC Beston Global Food 0.09 10 383,135 0 NEUTRAL
BVS Bravura Solutions 5.36 8.1 3,114,316 0 NEUTRAL
PTM Platinum Asset Management 4.55 7.6 1,696,244 0 NEUTRAL
MGX Mount Gibson Iron 0.91 7.1 3,615,391 0 NEUTRAL
IMF IMF 3.81 6.7 2,751,384 0 NEUTRAL
IMD Imdex 1.6 6 762,604 0 NEUTRAL
PLS Pilbara Minerals 0.27 5.9 10,196,925 0 NEUTRAL
ORE Orocobre 2.7 5.9 1,851,831 0 NEUTRAL