Trading indicator
Detrended Price OscillatorTrade 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
Detrended Price Oscillator
Score
0.4
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 22 | 19.0 | 0.27% | 0.35% | 11.8% | -2.0% | 36.9% |
| SHORT | 22 | 17.8 | 0.18% | 0.22% | 13.0% | -2.9% | -0.8% |
Summary
Technical Analysis
Gold Road Resources (GOR.AX)
Indicator:
DETREND PRICE OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $1.3
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.
Gold Road Resources (ASX:GOR) currently has a confirmed downtrend. Price is currently below the displaced moving average for GOR Currently, the return on DPO20 is -0.4%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
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:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BNO Bionomics | 0.05 | 35.9 | 9,907,813 | -0.04 | BEARISH |
| BOC Bougainville Copper | 0.14 | 17.4 | 108,996 | -0.01 | BEARISH |
| MNS Milnes Holdings | 0.19 | 8.8 | 927,235 | -0.04 | BEARISH |
| BRN Brainchip Holdings | 0.05 | 6.7 | 3,264,414 | -0.01 | BEARISH |
| BKW Brickworks | 17.54 | 6.4 | 1,060,035 | -1.82 | BEARISH |
| ZEL Zeolite Australia | 5.26 | 5 | 38,386 | -0.21 | BEARISH |
| ISD Isentia | 0.45 | 4.7 | 660,482 | -0.07 | BEARISH |
| KAR Karoon Gas Australia | 1.29 | 4.5 | 338,923 | -0.1 | BEARISH |
| DDR Dicker Data | 7.67 | 4.1 | 226,493 | -0.04 | BEARISH |
| CGC Consolidated Gaming Corporation | 3.69 | 3.9 | 2,800,847 | -0.55 | BEARISH |