Trading indicator
Sine 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
Sine Weighted Moving Average
Score
-0.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 39 | 9.8 | 0.28% | 0.39% | 6.9% | -3.1% | -12.7% |
| SHORT | 39 | 10.3 | 0.28% | 0.39% | 3.6% | -2.3% | -25.9% |
Summary
Technical Analysis
Medical Developments (MVP.AX)
Indicator:
SINE WEIGHTED MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $5.29
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.
Medical Developments (ASX:MVP) currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.9%.
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):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
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);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den
PROFILE: Medical Developments (MVP.AX)
Stock Exchange: ASX
Company: Medical Developments
Ticker Codes: | MVP.AX | ASX:MVP |
Medical Developments International Limited manufactures and distributes pharmaceutical drugs, and medical and veterinary equipment. The company operates in three segments: Pharmaceuticals, Medical Devices, and Veterinary products. It offers asthma and COPD pressurized metered dose inhalers, as well as masks and peak flow meters for asthma management; Penthrox, a prescription only medicine for acute pain; medical devices; and various veterinary anesthetic machines to veterinarians. The company operates in Australia, Europe, North America, the Middle East, Asia, and South Africa. Medical Developments International Limited is headquartered in Scoresby, Australia.
Top 10:
Sine Weighted Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOY Millennium Minerals | 0.1 | 22 | 12,026,126 | 53.8 | BULLISH |
| ASL Ausdrill | 1.74 | 10.5 | 8,810,838 | 19.6 | BULLISH |
| CLQ Clean Teq Holdings | 0.38 | 10.3 | 4,365,526 | 21.8 | BULLISH |
| ALK Alkane Exploration | 0.46 | 7.1 | 4,445,709 | 18.2 | BULLISH |
| AJX Alexium International | 0.16 | 6.9 | 1,232,642 | 26 | BULLISH |
| BTI Bailador Technology Investments | 1.03 | 6.2 | 579,514 | 8 | BULLISH |
| FDV Frontier Digital Ventures | 0.77 | 6.2 | 113,332 | 15.6 | BULLISH |
| PNV Polynovo | 1.56 | 5.1 | 4,075,815 | 20.3 | BULLISH |
| MAH Macmahon | 0.22 | 4.8 | 908,462 | 16.4 | BULLISH |
| DNA Donaco International | 0.11 | 4.8 | 2,736,673 | 7.8 | BULLISH |