Trading indicator
Weighted Moving AverageBacktest 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
Weighted Moving Average
Score
-2.3
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 51 | 9.0 | 0.18% | 0.21% | 5.4% | -1.5% | -15.7% |
| SHORT | 50 | 7.0 | 0.18% | 0.20% | 1.5% | -1.4% | -51.0% |
Summary
Technical Analysis
Macquarie Telecom (MAQ.AX)
Indicator:
WEIGHTED MOVING AVERAGE
Last Signal:
BEARISH
Trading: SELL @ $19.74
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.
Macquarie Telecom (ASX:MAQ) currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -0.9%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Macquarie Telecom (MAQ.AX)
Stock Exchange: ASX
Company: Macquarie Telecom
Ticker Codes: | MAQ.AX | ASX:MAQ |
Macquarie Telecom Group Limited provides telecommunication and hosting services to corporate and government customers in Australia. It offers voice services, such as fixed-line voice, unified communications, and video and Web conferencing services; managed mobility services and mobile management tools; and cloud services, including hybrid, VMWare, and private cloud services, as well as dedicated servers, colocation, managed hosting, management tools, and data center extension services. The company also provides data services, including Internet, fixed wireline Ethernet, private IP-VPN, Cisco Meraki, business NBN, international data links, SIP trunking, SaaS enabled WAN, secure remote access, and business Ethernet access. Macquarie Telecom Group Limited was founded in 1992 and is headquartered in Sydney, Australia.
Top 10:
Weighted Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| SCP Shopping Centres Australasia Property | 2.59 | -0.4 | 2,937,416 | -0.3 | BEARISH CROSSOVER |
| MYS Mystate | 4.47 | -0.7 | 549,091 | -0.3 | BEARISH CROSSOVER |
| ORI Orica | 20.54 | -0.8 | 1,897,991 | -0.4 | BEARISH CROSSOVER |
| PSQ Pacific Smiles | 1.24 | -0.8 | 75,754 | -0.6 | BEARISH CROSSOVER |
| SPO Spotless Holdings | 1.77 | -0.8 | 277 | -0.2 | BEARISH CROSSOVER |
| BLD Boral | 5.28 | -1.1 | 5,716,176 | -0.6 | BEARISH CROSSOVER |
| EAI Ellerston Asian Investment | 0.92 | -1.1 | 272,407 | -0.4 | BEARISH CROSSOVER |
| AVN Avon Resources | 2.32 | -1.3 | 322,068 | -0.3 | BEARISH CROSSOVER |
| IPL Incitec Pivot | 3.42 | -1.4 | 9,747,001 | -0.5 | BEARISH CROSSOVER |
| TGP Trafalgar | 0.99 | -1.5 | 4,656 | -0.3 | BEARISH CROSSOVER |