Trading indicator
Detrended Price OscillatorBacktest 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% |
Trading Performance
Detrended Price Oscillator
Score
-0.75
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 23 | 11.9 | 0.13% | 0.15% | 6.7% | -2.5% | -30.5% |
| SHORT | 23 | 20.0 | 0.39% | 0.60% | 5.4% | -3.5% | -3.7% |
Summary
Technical Analysis
Karoon Gas Australia (KAR.AX)
Indicator:
DETREND PRICE OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $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.
Karoon Gas Australia (ASX:KAR) currently has a confirmed downtrend. Price is currently below the displaced moving average for KAR Currently, the return on DPO20 is 3.4%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Karoon Gas Australia (KAR.AX)
Stock Exchange: ASX
Company: Karoon Gas Australia
Ticker Codes: | KAR.AX | ASX:KAR |
Karoon Gas Australia Ltd operates as an oil and gas exploration company in Australia, Brazil, and Peru. It has a working interest in two off-shore permits in the Browse and Carnarvon basins located to the north Western Australian coastline covering a combined area of 15,492 square kilometers. The company also holds working interest in five offshore blocks in the Santos Basin located in the State of Santa Catarina covering an area of 549 square kilometers. In addition, the company has a working interest in an off-shore block in the Tumbes Basin located approximately to the north-west coast of Peru covering an area of 4,750 square kilometers. The company was incorporated in 2003 and is headquartered in Mount Martha, Australia.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CSV CSG | 0.17 | 26.9 | 1,235,815 | 0 | BEARISH |
| PNR Pacific Niugini Minerals | 0.2 | 21.2 | 8,666,174 | -0.01 | BEARISH |
| RMS Ramelius Resources | 0.77 | 15.9 | 8,313,251 | -0.1 | BEARISH |
| MOY Millennium Minerals | 0.07 | 15.8 | 5,801,793 | -0.05 | BEARISH |
| AJM Altura Mining | 0.11 | 14.6 | 11,815,602 | 0 | BEARISH |
| BOC Bougainville Copper | 0.12 | 9.1 | 27,100 | -0.01 | BEARISH |
| DCN Dacian Gold | 0.59 | 8.3 | 6,477,380 | -1.1 | BEARISH |
| GTN GTN Resources | 1.06 | 8.2 | 143,270 | -0.2 | BEARISH |
| AJX Alexium International | 0.14 | 7.7 | 338,030 | 0 | BEARISH |
| URF Us Masters Residential Property Fund | 0.83 | 5.7 | 189,975 | -0.22 | BEARISH |