Champion Iron

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

-2.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 15.4 0.26% 0.33% 20.5% -4.6% 47.1%
SHORT 27 12.4 0.15% 0.17% 2.8% -4.6% -95.4%

Summary

Technical Analysis

Champion Iron (CIA.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $3.1
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.


Champion Iron (ASX:CIA) 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 -3.1%.



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: Champion Iron (CIA.AX)


Stock Exchange: ASX
Company: Champion Iron
Ticker Codes: | CIA.AX | ASX:CIA |

About Champion Iron (ASX:CIA):

Champion Iron Limited explores and develops iron ore properties in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of 114 mining claims located in QuÚbec, Canada; and the Consolidated Fire Lake North project that consists of Fire Lake North, Oil Can, Bellechasse, and Midway properties situated in northeastern Quebec. The company was formerly known as Champion Iron Mines Limited and changed its name to Champion Iron Limited in March 2014. Champion Iron Limited is headquartered in Rozelle, Australia.

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Triangular Moving Average

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