|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
SINE WEIGHTED MOVING AVERAGE
Trading: BUY @ $4.8
Signal Strength: STRONG
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.
Independence (ASX:IGO) 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 2.6%.
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: Independence (IGO.AX)
Stock Exchange: ASX
Ticker Codes: | IGO.AX | 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.
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