What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 55 9.1 0.58% 1.23% 5.6% -4.7% 55.2%
SHORT 54 6.1 0.63% 1.36% 5.1% -2.9% 99.7%


Technical Analysis

Freelancer (FLN.AX)



Last Signal:


Trading: BUY @ $0.31
Signal Strength: MEDIUM

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.

Freelancer (ASX:FLN) Elder Ray Index is signalling a Bullish movement

A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;

PROFILE: Freelancer (FLN.AX)

Stock Exchange: ASX
Company: Freelancer
Ticker Codes: | FLN.AX | ASX:FLN |

About Freelancer (ASX:FLN):

Freelancer Limited operates a freelancing and crowdsourcing marketplace in Australia. It operates through two segments, Online Marketplace and Online Payment Services. The company, through its marketplace, hires freelancers to do work in areas, such as software development, writing, data entry and design, engineering, sciences, sales and marketing, and accounting and legal services. It connects employers and freelancers from approximately 247 countries, regions, and territories. The company also provides escrow payment services. Freelancer Limited was founded in 2009 and is based in Sydney, Australia.

Top 10:

Elder Ray Index

Company Close Change(%) Volume Value Signal
ZIM Zimbabwe Platinum Mines 11 19.2 71,087 -0.08 BEARISH
GSW Getswift 0.59 13.5 282,256 -0.03 BEARISH
ONE Oneview Healthcare 0.05 9.5 999,681 -0.18 BEARISH
PPH Pan Pharmaceuticals 3.73 9.4 404,919 -0.03 BEARISH
MXI Maxitra Industries 0.15 7.1 261,624 -0.9 BEARISH
MWY Midway 1 6.4 30,045 0 BEARISH
TGP Trafalgar 0.88 6 257,209 -0.01 BEARISH
TGA Thorn 0.06 5.8 805,658 -0.01 BEARISH
DNK Danakali 0.39 5.4 184,701 -0.01 BEARISH
SOM Somnomed 1.1 4.8 84,011 -0.03 BEARISH