|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Cooper Energy (COE.AX)
SINE WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.405
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.
Cooper Energy (ASX:COE) currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -3.6%.
A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.
Calculation: Sine Weighted Moving Average (SWMA):
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
PROFILE: Cooper Energy (COE.AX)
Stock Exchange: ASX
Company: Cooper Energy
Ticker Codes: | COE.AX | ASX:COE |
Cooper Energy Limited, a petroleum exploration and production company, finds, develops, and sells oil and gas properties. The company holds interests in petroleum exploration and production tenements in the Cooper, Otway, and Gippsland basins in Australia. As of June 30, 2017, it had proved and probable reserves of approximately 11.7 million barrels of oil equivalent. Cooper Energy Limited is headquartered in Adelaide, Australia.
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