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%

What indicators would you like to backtest?

Trading Performance

Detrended Price Oscillator

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 13.9 0.19% 0.23% 6.5% -2.9% -31.3%
SHORT 27 14.7 0.22% 0.29% 13.0% -2.7% 21.5%

Summary

Technical Analysis

Maca (MLD.AX)


Indicator:

DETREND PRICE OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.965
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.


Maca (ASX:MLD) currently has a confirmed downtrend. Price is currently below the displaced moving average for MLD Currently, the return on DPO20 is -1.0%.



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: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Detrended Price Oscillator

Download
Company Close Change(%) Volume Value Signal
AJX Alexium International 0.13 13 328,122 -0.01 BEARISH
BOC Bougainville Copper 0.11 10 84,981 -0.02 BEARISH
IPD Impedimed 0.12 9.5 2,638,079 -0.07 BEARISH
MGX Mount Gibson Iron 1.06 9.3 5,320,324 -0.16 BEARISH
CAJ Capitol Health 0.22 7.3 466,982 -0.02 BEARISH
MNF My Net Fone 3.73 7.2 55,752 -0.34 BEARISH
BSL Bluescope Steel 11.73 6.5 4,817,859 -0.45 BEARISH
GNG GR Engineering Services 0.85 5.6 43,068 -0.05 BEARISH
CGL The Citadel 4.6 5 510,148 -0.71 BEARISH
BFC Beston Global Food 0.11 4.8 118,825 -0.01 BEARISH