Trading indicator
Triangular Moving AverageTrade 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
Triangular Moving Average
Score
-0.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 16 | 15.0 | 0.13% | 0.14% | 26.4% | -7.8% | -56.1% |
| SHORT | 17 | 31.0 | 0.35% | 0.55% | 26.5% | -9.5% | 54.7% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
TRIANGULAR MOVING AVERAGE
Last Signal:
BEARISH
Trading: SELL @ $0.04
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.
Eden Energy (ASX:EDE) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 2.6%.
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: 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:
Triangular Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| NZM Nzme | 0.4 | 9.7 | 33,947 | -4.6 | BEARISH |
| MDC Mcconnell Dowell Corporation | 0.33 | 8.3 | 141,646 | -18.4 | BEARISH |
| AGI Ainsworth Game Technology | 0.75 | 7.1 | 29,508 | -9.5 | BEARISH |
| SLR Silver Lake Resources | 1.25 | 5 | 7,751,078 | -2.9 | BEARISH |
| MNY Money3 | 2.27 | 4.6 | 508,169 | -0.1 | BEARISH |
| LVH Livehire | 0.24 | 4.3 | 60,634 | -6.9 | BEARISH |
| VTG Vita | 1.18 | 4 | 394,143 | -0.9 | BEARISH |
| BWX BWX | 4.44 | 3.3 | 521,305 | -13.9 | BEARISH |
| CGS Cogstate | 0.32 | 3.2 | 30,900 | -18.3 | BEARISH |
| ERA Energy Resources Of Australia | 0.16 | 3.2 | 357,457 | -12.9 | BEARISH |