3RD TIMEFRAME TREND
Trading: HOLD @ $4.74
Signal Strength: STRONG
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.
The Tricklar long term trend indicator (T3) highlights the peaks and troughs associated with a combination of peaks and troughs contained within the third timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the third time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the third 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 long trend (T3):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs in the third timeframe;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs in the third timeframe;
PROFILE: Greenross (GXL.AX)
Stock Exchange: ASX
Ticker Codes: | GXL.AX | ASX:GXL |
Greencross Limited, an integrated pet care company, provides veterinary services. The company offers vaccination, desexing, dentistry, microchip identification, parasite prevention, surgical procedure, laboratory/pathology testing, radiology, ultrasound, and weight loss program services. It also operates physical and online pet stores that sell specialty pet care products under the Petbarn and City Farmers brand names; and provides a range of non-medical companion animal healthcare services. The company offers its services to dogs, cats, birds, and reptiles. As of June 30, 2017, its network comprised 420 stores and clinics across Australia and New Zealand. The company was founded in 1994 and is headquartered in Woolloongabba, Australia.
3rd timeframe trendDownload
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