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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Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder's Force Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 11.0 0.73% 2.00% 3.4% -3.2% 59.0%
SHORT 43 7.5 0.53% 0.92% 1.8% -1.3% 9.3%


Technical Analysis

Lycopodium (LYL.AX)



Last Signal:


Trading: BUY @ $6
Signal Strength: MEDIUM

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.

Lycopodium (ASX:LYL) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 1978.

Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x 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:

Elder's Force Index

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AGI Ainsworth Game Technology 0.77 5.5 174,715 4,962,300 BULLISH
QMS Qms Media 0.86 5.5 487,379 16,769 BULLISH
SDA Speedcast International 1.72 4.6 2,393,767 21,712 BULLISH
NBL Noni B 2.62 4.4 33,436 18 BULLISH
OML Ooh!Media 3.05 4.1 1,986,442 4,657,217 BULLISH