Trading indicator
Detrended Price OscillatorTrade 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% |
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% |
Company
Indicator
| Code | Company | Date | Close | Change | Indicator | Value | Signal |
|---|
Trading Performance
Detrended Price Oscillator
Score
-1.45
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 12 | 25.9 | 0.25% | 0.30% | 0.8% | -9.0% | -87.4% |
| SHORT | 12 | 37.9 | 0.50% | 0.75% | 6.2% | -3.6% | 7.8% |
Summary
Technical Analysis
Metro Performance Glass (MPP.AX)
Indicator:
DETREND PRICE OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $0.29
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.
Metro Performance Glass (ASX:MPP) currently has a confirmed downtrend. Price is currently below the displaced moving average for MPP Currently, the return on DPO20 is 0.0%.
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: Metro Performance Glass (MPP.AX)
Stock Exchange: ASX
Company: Metro Performance Glass
Ticker Codes: | MPP.AX | ASX:MPP |
Metro Performance Glass Limited, together with its subsidiaries, supplies processed flat glass and related products for the residential and commercial building sectors in New Zealand and Australia. Its products include various glass products, including splash backs, benchtops, and kitchen doors and mirrors; and mirrors, inline showers, two and three sided showers, bath end showers, bath screens, and shower and screen hardware. The company also offers balustrades, stairs, room dividers, doors, mirrors, furniture, and balustrade and door hardware; and outdoor balustrades, pool fences, wind breaks, glass canopies, glass features, outdoor furniture, and balustrade and pool fence hardware. In addition, it provides installation services. Metro Performance Glass Limited was founded in 1987 and is headquartered in Auckland, New Zealand.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| OCL Objective Corporation | 6.49 | 10 | 35,078 | -0.42 | BEARISH |
| AFL ASX 50 | 0.18 | 9.4 | 520,350 | -0.01 | BEARISH |
| MCY Mighty River Power | 5 | 7.1 | 7,917 | -0.01 | BEARISH |
| LNG Liquefied Natural Gas | 0.21 | 5.1 | 2,729,105 | -0.14 | BEARISH |
| EDE Eden Energy | 0.05 | 4.7 | 122,280 | -0.01 | BEARISH |
| MEZ Meridian Energy | 4.9 | 4.4 | 46,590 | -0.16 | BEARISH |
| TBR Tribune Resources | 6.24 | 4.2 | 96,157 | -0.29 | BEARISH |
| GTN GTN Resources | 0.7 | 3.7 | 7,121 | -0.5 | BEARISH |
| PNR Pacific Niugini Minerals | 0.14 | 3.7 | 2,478,287 | -0.04 | BEARISH |
| PGC Paragon Care | 0.45 | 3.5 | 206,495 | -0.01 | BEARISH |