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

Accumulation Distribution



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 15 18.1 0.60% 1.29% 2.1% -3.9% -8.7%
LONG 17 26.4 0.53% 1.00% 5.2% -2.3% 26.1%


Technical Analysis

Lycopodium (LYL.AX)



Last Signal:


Trading: BUY @ $5.3
Signal Strength: STRONG

Lycopodium (ASX:LYL) current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 1916.3. During the quarter, the highest ADLINE value was 1916.3.

A bullish crossover has been confirmed due the last trading session with is a strong indication of a diretional change. This 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: Lycopodium (LYL.AX)

Stock Exchange: ASX
Company: Lycopodium
Ticker Codes: | LYL.AX | ASX:LYL |

About Lycopodium (ASX:LYL):

Lycopodium Limited provides engineering consultancy services in the mining, metallurgical, rail, and manufacturing industries in Australia and internationally. The company offers feasibility studies, value engineering, project development, and implementation services to exploration companies and multinational producers of precious metals, base metals, iron ores, and other commodities. It also provides design, engineering, and project management solutions for process industries, including manufacturing and renewable energy facilities. In addition, the company offers project management, construction management, and commissioning services to the extractive mining industry; and engineering and related services for infrastructure projects, including architectural design, power supply and distribution, water supply and distribution, accommodation, buildings, roads, and other general civil and infrastructure components. Further, it offers asset management services, including reliability and engineering maintenance services to clients in the petrochemical, oil and gas, mining minerals, marine, and manufacturing sectors; project development phase studies, engineering and design, procurement, and construction phase services for rail infrastructure projects; and metallurgical consulting services to the mineral processing community primarily in the field of comminution, hydrometallurgy, and mineral processing design industries. Lycopodium Limited was founded in 1992 and is based in East Perth, Australia.

Top 10:

Accumulation Distribution

Company Close Change(%) Volume Value Signal
BNO Bionomics 0.04 7.5 133,061 270,720.9 BULLISH CROSSOVER
VAH Virgin Australia Holdings 0.17 3 347,558 25,339.7 BULLISH CROSSOVER
MDC Mcconnell Dowell Corporation 0.4 2.6 158,851 5,849.9 BULLISH CROSSOVER
LOV Lovisa 11.59 2.3 364,525 13,311.7 BULLISH CROSSOVER
APE Ap Eagers Holdings 10.06 2.1 226,324 18,089.7 BULLISH CROSSOVER
SGF SG Fleet 3.11 2 63,182 2,153 BULLISH CROSSOVER
PNI Pinnacle Investment Management 4.65 1.5 498,084 39,207.4 BULLISH CROSSOVER
ECX Eclipx 1.49 1 2,437,198 14,676.2 BULLISH CROSSOVER
IGL International Goldfields 2.09 1 803,032 54,187.1 BULLISH CROSSOVER
FXL Flexigroup 1.64 0.9 484,629 50,581.7 BULLISH CROSSOVER