Trading indicator
Tricklar TrendBacktest 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% |
Trading Performance
Tricklar Trend
Score
-0.85
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 3 | 37.7 | 0.00% | 0.00% | 0.0% | -27.0% | -80.9% |
| SHORT | 4 | 143.0 | 0.50% | 1.00% | 44.8% | -17.9% | 53.7% |
Summary
Technical Analysis
Eden Energy (EDE.AX)
Indicator:
TRICKLAR TREND
Last Signal:
BEARISH
Trading: SELL @ $0.029
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Eden Energy (ASX:EDE) is in an downtrend in the medium term timeframe. The current rally number is 19 & the highest rally count for the LTM is 19. The highest rally for the month is 12
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe.
The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
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:
Tricklar Trend
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AJX Alexium International | 0.13 | 13 | 328,122 | -1 | BEARISH |
| EWC Energy World Corporation | 0.08 | 10.8 | 945,847 | -1 | BEARISH |
| BOC Bougainville Copper | 0.11 | 10 | 84,981 | -1 | BEARISH |
| IPD Impedimed | 0.12 | 9.5 | 2,638,079 | -1 | BEARISH |
| MGX Mount Gibson Iron | 1.06 | 9.3 | 5,320,324 | -1 | BEARISH |
| CAJ Capitol Health | 0.22 | 7.3 | 466,982 | -1 | BEARISH |
| MNF My Net Fone | 3.73 | 7.2 | 55,752 | -1 | BEARISH |
| BSL Bluescope Steel | 11.73 | 6.5 | 4,817,859 | -1 | BEARISH |
| GNG GR Engineering Services | 0.85 | 5.6 | 43,068 | -1 | BEARISH |
| BSA Broadcast Services Australia | 0.3 | 5.3 | 140,508 | -1 | BEARISH |