Trading indicator
Acceleration BandsTrade 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% |
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
Acceleration Bands
Score
-1.45
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 16 | 2.9 | 0.13% | 0.13% | 5.0% | -5.1% | -66.2% |
| SHORT | 16 | 43.9 | 0.31% | 0.42% | 39.4% | -10.6% | 69.7% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
ACCELERATION BANDS
Last Signal:
BULLISH
Trading: BUY @ $0.04
Signal Strength: STRONG
Recommendation:
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Eden Energy (ASX:EDE) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.
Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001
PROFILE: Eden Energy (EDE.AX)
Stock Exchange: ASX
Company: Eden Energy
Ticker Codes: | EDE.AX | ASX:EDE |
Eden Innovations Ltd. provides various clean technology solutions. The company offers EdenCrete, a carbon nanotube enriched admixture for concrete; and OptiBlend, a retrofit dual fuel kit for diesel generator sets. It also provides Pyrolysis, a technology to produce carbon nanotube, and carbon nanofibre and hydrogen; Hythane, a blend of hydrogen and natural gas; and EdenPlast, a CNT enriched polymers and plastics. The company was formerly known as Eden Energy Ltd. and changed its name to Eden Innovations Ltd. in November 2016. Eden Innovations Ltd. was incorporated in 2004 and is based in Perth, Australia.
Top 10:
Acceleration Bands
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| NZM Nzme | 0.4 | 9.7 | 33,947 | -6.89 | BEARISH |
| MDC Mcconnell Dowell Corporation | 0.33 | 8.3 | 141,646 | -13.29 | BEARISH |
| AGI Ainsworth Game Technology | 0.75 | 7.1 | 29,508 | -5.33 | BEARISH |
| SLR Silver Lake Resources | 1.25 | 5 | 7,751,078 | -8.1 | BEARISH |
| BLX Beacon Lighting | 1.19 | 4.9 | 18,379 | -5.39 | BEARISH |
| CHC Charter Hall | 10.99 | 4.7 | 3,565,631 | -5.34 | BEARISH |
| LVH Livehire | 0.24 | 4.3 | 60,634 | -12.95 | BEARISH |
| ALK Alkane Exploration | 0.57 | 3.7 | 2,428,209 | -10.39 | BEARISH |
| BWX BWX | 4.44 | 3.3 | 521,305 | -7.42 | BEARISH |
| CGS Cogstate | 0.32 | 3.2 | 30,900 | -6.8 | BEARISH |