[BEARISH]: Highfield Resources currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.5%.
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):
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);
PROFILE: Highfield Resources (HFR.AX)
Stock Exchange: ASX
Company: Highfield Resources
Ticker Codes: | HFR.AX | ASX:HFR |
Highfield Resources Limited engages in the exploration and development of potash mineral properties in Spain. The company holds 100% interests in the Muga, Vipasca, Pintano, Izaga, and Sierra del Perd¾n potash projects, which are located in the Ebro potash producing basin in Northern Spain covering a project area of approximately 550 square kilometers. Its flagship Muga potash project covers approximately 80 square kilometers. The company was incorporated in 2011 and is headquartered in Pamplona, Spain.
Sine Weighted Moving AverageDownload
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