Trading indicator
Sine Weighted 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
Sine Weighted Moving Average
Score
-1.8
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 42 | 8.2 | 0.19% | 0.22% | 4.2% | -2.9% | -69.3% |
| SHORT | 42 | 10.6 | 0.26% | 0.32% | 4.1% | -2.5% | -39.2% |
Summary
Technical Analysis
GR Engineering Services (GNG.AX)
Indicator:
SINE WEIGHTED MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $0.99
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.
GR Engineering Services (ASX:GNG) 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 3.1%.
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):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
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);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den
PROFILE: GR Engineering Services (GNG.AX)
Stock Exchange: ASX
Company: GR Engineering Services
Ticker Codes: | GNG.AX | ASX:GNG |
GR Engineering Services Limited, an engineering, consulting, and contracting company, provides engineering design and construction services to the mining and mineral processing industries in Australia and internationally. The company operates through Mineral Processing, and Oil and Gas segments. Its services cover various aspects of projects, including initial evaluation and study phase, as well as design, construction, commissioning, and operational support. The company's services include the design and construction of minerals processing facilities and related infrastructure for greenfield or brownfield projects, such as plant modifications, upgrades, and expansions; plant evaluation and condition reports; plant operations, and maintenance support and optimization; and plant relocation, refurbishment, and recommissioning, as well as engages in the provision of owners representatives and teams for project management and delivery, and asset management services. Its services also comprise engineering and process design consulting services; feasibility studies comprising scoping, pre-feasibility, and definitive engineering studies, as well as feasibility studies. In addition, the company offers operations, maintenance, and well management services to the oil and gas sector. GR Engineering Services Limited was founded in 1986 and is based in Ascot, Australia.
Top 10:
Sine Weighted Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| SYR Syrah Resources | 0.6 | 3.5 | 2,137,353 | -0.6 | BEARISH CROSSOVER |
| VGL Volante | 3.64 | 3.1 | 46,740 | -7.5 | BEARISH CROSSOVER |
| KGN Kogan | 5.6 | 3.1 | 2,056,449 | -1.3 | BEARISH CROSSOVER |
| PPH Pan Pharmaceuticals | 4.4 | 2.6 | 25,572 | -1.3 | BEARISH CROSSOVER |
| AVJ Av Jennings Homes | 0.64 | 2.4 | 172,425 | -0.9 | BEARISH CROSSOVER |
| NWH NRW | 3.36 | 2.1 | 1,017,616 | -1.8 | BEARISH CROSSOVER |
| GUD Gud Holdings | 11.48 | 1.7 | 553,364 | -0.3 | BEARISH CROSSOVER |
| OPT Opthea | 3.61 | 1.4 | 367,206 | -1.3 | BEARISH CROSSOVER |
| OGC Oceanagold Corporation | 2.69 | 1.1 | 439,658 | -1.4 | BEARISH CROSSOVER |
| LYC Lynas Corporation | 2.36 | 0.9 | 3,249,010 | -2.6 | BEARISH CROSSOVER |