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

Stochastic Oscillator



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 33 9.8 0.33% 0.50% 9.9% -3.3% 36.5%
SHORT 35 13.4 0.49% 0.81% 9.3% -3.6% 82.6%


Technical Analysis

Myer (MYR.AX)



Last Signal:


Trading: SELL @ $0.51
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Myer (ASX:MYR) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

In technical analysis of securities trading the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr George Lane developed this indicator in the late 1950s. The term stochastic refers to the point of a current price in relation to its price range over a period of time. This method attempts to predict price turning points by comparing the closing price of a security to its price range.

Calculation: Stochastic Oscillator:
1) %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100;
2) %D = 3-day SMA of %K Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %K is multiplied by 100 to move the decimal point two places;


Stock Exchange: ASX
Company: Myer
Ticker Codes: | MYR.AX | ASX:MYR |

About Myer (ASX:MYR):

Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. The company offers products in various categories that include women's wear; men's wear; youth wear; children's wear; intimate apparel; beauty, fragrance, and cosmetics; homewares; electrical goods; toys; footwear, handbags, and accessories; and general merchandise. It also provides customer loyalty programs. The company operates approximately 60 stores under the Myer brand name. Myer Holdings Limited was founded in 1900 and is based in Docklands, Australia.

Top 10:

Stochastic Oscillator

Company Close Change(%) Volume Value Signal
HPI Hotel Property Investments 3.25 0.6 310,527 58.3 BEARISH CROSSOVER
GMG Goodman 14.82 0.5 2,312,075 78.2 BEARISH CROSSOVER
PAI Platinum Asia Investments 1.05 0.5 171,060 80 BEARISH CROSSOVER
VCX Vicinity Centres 2.68 0.4 6,343,825 75 BEARISH CROSSOVER
REA REA Group 104.36 0.2 109,342 66.4 BEARISH CROSSOVER
ASX Australian Stock Exchange 81.71 0.1 616,829 66.2 BEARISH CROSSOVER
CNI Centuria Capital 2.12 0 187,724 80 BEARISH CROSSOVER
MFG Magellan Financial 52.49 0 325,181 76.8 BEARISH CROSSOVER
MGC Mg Unit Trust 0.44 0 32,793 50 BEARISH CROSSOVER
IAG Insurance Australia 7.89 0 2,977,432 71.8 BEARISH CROSSOVER