What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Accumulation Distribution



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 35 8.9 0.37% 0.57% 3.2% -2.2% -9.7%
SHORT 35 12.9 0.40% 0.64% 3.7% -3.8% -31.2%


Technical Analysis

Independence (IGO.AX)



Last Signal:


Trading: HOLD @ $5.43
Signal Strength: MEDIUM

Independence (ASX:IGO) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 144099. day. During the quarter, the highest ADLINE value was 2.00263e+006.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.

Accumulation/distribution (ADLINE) is a momentum indicator that attempts to gauge supply and demand by determining whether investors are generally accumulating or buying or distributing or selling a certain stock by identifying divergences between stock price and volume flow. The accumulation/distribution is calculated by first calculating the money flow multiplier then multiplying the money flow multiplier by the period’s volume.

Calculation: Accumulation Distribution Line:
1) Money Flow Multiplier = [(close - low) - (high - close)] / (high - low);
2) Money Flow Volume = Money Flow Multiplier x volume for the period;
3) Accumulation/Distribution= previous Accumulation/Distribution + current periods Money Flow Volume.

PROFILE: Independence (IGO.AX)

Stock Exchange: ASX
Company: Independence
Ticker Codes: | IGO.AX | ASX:IGO |

About Independence (ASX:IGO):

Independence Group NL operates as a minerals mining, development, and exploration company in Australia. The company operates through Tropicana Operation, Long Operation, Jaguar Operation, Nova Project, and New Business and Regional Exploration Activities segments. It holds a 100% interest in the Jaguar zinc, copper, silver, and gold mine that covers an area of 475 square kilometers of tenements located in Western Australia; the Long nickel mine located near Kambalda in Western Australia; and the Nova nickel and copper project located to the east of Norseman in Western Australia. The company also holds a 30% interest in the Tropicana gold mine that covers an area of 3,000 square kilometers of tenements located to the east northeast of Kalgoorlie. Independence Group NL was founded in 2000 and is headquartered in South Perth, Australia.

Top 10:

Accumulation Distribution

Company Close Change(%) Volume Value Signal
IFM Infomedia 2.15 16.8 1,445,495 129,438.6 BULLISH
UOS United Overseas Australia 0.8 9.6 110,847 48,716.5 BULLISH
DNK Danakali 0.57 8.7 180,001 18,465.5 BULLISH
ABC Adelaide Brighton 3.06 6.3 4,642,840 410,344.2 BULLISH
APE Ap Eagers Holdings 9.01 6.1 787,808 33,844.2 BULLISH
CDV Cardinal Resources 0.37 5.7 3,362,217 616,528.6 BULLISH
PSQ Pacific Smiles 1.93 4.9 23,436 7,036.2 BULLISH
AQG Alacer Gold Corp 7.7 4.6 226,257 68,692.7 BULLISH
LNG Liquefied Natural Gas 0.12 4.5 831,546 225,765 BULLISH
KSL Kina Securities 1.3 4.4 718,261 32,033.6 BULLISH