SINE WEIGHTED MOVING AVERAGE
Trading: SELL @ $1.135
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.
Mcphersons (ASX:MCP) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.0%.
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: Mcphersons (MCP.AX)
Stock Exchange: ASX
Ticker Codes: | MCP.AX | ASX:MCP |
McPherson's Limited provides health, wellness, and beauty products; and home appliance products in Australia, New Zealand, Asia, and internationally. The company offers beauty care, hair care, skin care, and fragrance products; kitchen essentials, such as baking papers, cling wraps, and aluminum foils; and personal care items, including facial wipes, cotton pads, and foot comfort products. It also provides appliances, which include ovens, cooktops, washing machines, and dishwashers. The company offers its products under the owned brands, including Manicare, Lady Jayne, Dr. LeWinn's, A'kin, Swisspers, Moosehead, Maseur, Euromaid, Baumatic, and Multix, as well as partnered brands, such as Trilogy, Karen Murrell, Dr Wolff, Gucci, and Hugo Boss Fine Fragrances. It serves supermarkets, discount department stores, department stores, pharmacies, and independent housewares stores. The company was founded in 1860 and is based in Kingsgrove, Australia.
Sine Weighted Moving AverageDownload
|ONE Oneview Healthcare||0.4||8.1||24,577||-5.4||BEARISH|
|TRS Reject Shop||2.64||7.3||58,405||-1.2||BEARISH|
|EMH European Metals Holdings||0.3||7.1||10,000||-9.6||BEARISH|
|MLX Metals X||0.23||7.1||6,862,209||-15.7||BEARISH|
|SYR Syrah Resources||1.05||6.1||5,208,632||-6.9||BEARISH|
|GTN GTN Resources||1.28||4.1||1,557||-6.9||BEARISH|
|AYS Amaysim Australia||0.62||3.3||186,514||-1.4||BEARISH|
|AIZ Air New Zealand||2.25||3.2||147,502||-5.1||BEARISH|