Bluescope Steel

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

Accumulation Distribution

Score

0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 30 10.4 0.57% 1.21% 4.2% -2.6% 34.3%
SHORT 32 14.5 0.41% 0.68% 6.1% -3.6% 12.0%

Summary

Technical Analysis

Bluescope Steel (BSL.AX)


Indicator:

ACCUMULATION DISTRIBUTION


Last Signal:

BULLISH CROSSOVER


Trading: BUY @ $12.26
Signal Strength: STRONG
Recommendation:

Bluescope Steel (ASX:BSL) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 27047.8. During the quarter, the highest ADLINE value was 1.50335e+006.


A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.



Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.


PROFILE: Bluescope Steel (BSL.AX)


Stock Exchange: ASX
Company: Bluescope Steel
Ticker Codes: | BSL.AX | ASX:BSL |

About Bluescope Steel (ASX:BSL):

BlueScope Steel Limited manufactures and sells metal coated and painted steel building products in Australia, Asia, North America, New Zealand, and internationally. The company operates in five segments: Australian Steel Products; North Star BlueScope Steel; BlueScope Buildings; Building Products ASEAN, North America and India; and New Zealand & Pacific Steel. It provides steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, purlins and house framings, and engineered building solutions. The company offers steel products under the LYSAGHT, COLORBOND, COLORSTEEL, ZINCALUME, GALVABOND, GALVASPAN, BlueScope Zacs, PrimaMaju, SuperDyma, and TRUZINC brands; and engineered building solutions under the Butler, Varco Pruden, EcoBuild and PROBUILD brands. It serves the residential and non-residential building and construction, manufacturing, automotive and transport, agricultural, and mining industries. The company was formerly known as BHP Steel Limited and changed its name to BlueScope Steel Limited in November 2003. BlueScope Steel Limited was founded in 1885 and is headquartered in Melbourne, Australia.

Top 10:

Accumulation Distribution

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