Trading indicator
Money Flow IndexTrade 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
Money Flow Index
Score
0.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 2 | 84.0 | 1.00% | % | 30.6% | % | 61.2% |
| SHORT | 2 | 238.0 | 0.50% | 1.00% | 1.5% | -20.8% | -19.3% |
Summary
Technical Analysis
Gold Road Resources (GOR.AX)
Indicator:
MONEY FLOW INDEX
Last Signal:
NEUTRAL
Trading: NO POSITION
Signal Strength: MEDIUM
Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.
Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)
PROFILE: Gold Road Resources (GOR.AX)
Stock Exchange: ASX
Company: Gold Road Resources
Ticker Codes: | GOR.AX | ASX:GOR |
Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Australia. The company primarily explores for gold deposits. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore, and Attila projects, which covers an area of 6,000 square kilometers located to the east of Laverton in Western Australia. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010. Gold Road Resources Limited was incorporated in 2007 and is based in West Perth, Australia.
Top 10:
Money Flow Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BOC Bougainville Copper | 0.14 | 17.4 | 108,996 | 47.37 | NEUTRAL |
| MNS Milnes Holdings | 0.19 | 8.8 | 927,235 | 78.31 | NEUTRAL |
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| BKW Brickworks | 17.54 | 6.4 | 1,060,035 | 60.14 | NEUTRAL |
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| ZEL Zeolite Australia | 5.26 | 5 | 38,386 | 25.34 | NEUTRAL |
| SYR Syrah Resources | 0.54 | 4.9 | 2,557,693 | 47 | NEUTRAL |
| BGA Bega Cheese | 4.58 | 4.8 | 1,923,906 | 36.33 | NEUTRAL |
| ISD Isentia | 0.45 | 4.7 | 660,482 | 51.19 | NEUTRAL |
| KAR Karoon Gas Australia | 1.29 | 4.5 | 338,923 | 79.68 | NEUTRAL |