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%

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Trading Performance

Sine Weighted Moving Average



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 36 11.6 0.31% 0.44% 6.7% -1.7% 31.2%
SHORT 35 10.3 0.23% 0.30% 7.3% -1.8% 9.9%


Technical Analysis




Last Signal:


Trading: BUY @ $7.46
Signal Strength: STRONG

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.

NIB (ASX:NHF) 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 3.9%.

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


Stock Exchange: ASX
Company: NIB
Ticker Codes: | NHF.AX | ASX:NHF |

About NIB (ASX:NHF):

nib holdings limited provides health insurance services to residents, and international students and visitors in Australia, New Zealand, and internationally. It operates through five segments: Australian Residents Health Insurance, New Zealand Residents Health Insurance, International (Inbound) Health Insurance, World Nomads Group, and nib Options. The company offers health insurance products, including single, couples, and family health insurance; life insurance; and travel insurance, as well as funeral and income protection insurance services. It also facilitates access to cosmetic and dental treatment. nib holdings limited was founded in 1952 and is headquartered in Newcastle, Australia.

Top 10:

Sine Weighted Moving Average

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NAN Nanosonics 5.36 8.7 2,348,894 19.9 BULLISH
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RAP Resapp Health 0.2 8.3 2,913,547 16.1 BULLISH
CUV Clinuvel Pharmaceuticals 36.49 7 293,452 12.3 BULLISH
OMH OM Holdings 0.92 5.8 56,591 13.4 BULLISH
BWX BWX 2.23 5.2 695,496 26.2 BULLISH
IRI Integrated Research 3.15 5 286,098 6.6 BULLISH
CWY Cleanaway Waste Management 2.37 4.9 5,497,121 6.2 BULLISH
CAT Catuity 1.32 4.3 510,482 6.2 BULLISH