What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 38 13.7 0.37% 0.56% 5.2% -3.5% -14.7%
SHORT 39 6.8 0.59% 1.05% 2.9% -2.8% 6.7%


Technical Analysis

Maca (MLD.AX)



Last Signal:


Trading: BUY @ $0.995
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.

Maca (ASX:MLD) Elder Ray Index is signalling a Bullish movement

A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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:

Elder Ray Index

Company Close Change(%) Volume Value Signal
SXL Southern Cross Media 0.86 13.9 5,572,327 0.01 BULLISH
BEE Broo 0.02 12.5 275,500 0.02 BULLISH
PPT Perpetual Trustees Australia 47.27 11.1 777,324 0.38 BULLISH
PSQ Pacific Smiles 2.05 10.2 97,857 0.02 BULLISH
GTN GTN Resources 0.88 8.6 253,095 0.02 BULLISH
CCL Coca-Cola Amatil 13.07 8.6 4,449,763 2.28 BULLISH
IDX Integral Diagnostics 4.26 7.8 1,319,374 0.01 BULLISH
SBM St Barbara Mines 2.96 7.2 9,301,979 0.19 BULLISH
BVS Bravura Solutions 5.78 7 3,273,965 0.56 BULLISH
ILU Iluka Resources 10.03 6.4 5,811,035 0.03 BULLISH