Highfield Resources

Candlestick Daily volume index Bar reversal Edit

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%

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Trading Performance

Sine Weighted Moving Average

Score

-1.55

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 43 7.7 0.21% 0.26% 8.0% -4.0% -66.6%
SHORT 43 10.7 0.21% 0.26% 8.7% -4.3% -69.3%

Summary

Technical Analysis

Highfield Resources (HFR.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $0.91
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.


Highfield Resources (ASX:HFR) 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 -0.5%.



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):
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: Highfield Resources (HFR.AX)


Stock Exchange: ASX
Company: Highfield Resources
Ticker Codes: | HFR.AX | ASX:HFR |

About Highfield Resources (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.

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Sine Weighted Moving Average

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