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
-1.95
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 42 | 8.7 | 0.17% | 0.18% | 8.8% | -3.8% | -82.5% |
| SHORT | 43 | 9.9 | 0.23% | 0.29% | 5.1% | -3.7% | -76.3% |
Summary
Technical Analysis
Neometals (NMT.AX)
Indicator:
SINE WEIGHTED MOVING AVERAGE
Last Signal:
BULLISH
Trading: BUY @ $0.23
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.
Neometals (ASX:NMT) 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 2.2%.
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: Neometals (NMT.AX)
Stock Exchange: ASX
Company: Neometals
Ticker Codes: | NMT.AX | ASX:NMT |
Neometals Ltd explores and evaluates mineral properties in Australia. It operates through three segments: Lithium, Titanium, and Other. The company explores for lithium, titanium, and vanadium. Its principal assets include the Mt Marion Lithium and Barrambie Titanium projects located in Western Australia. It also provides various processes to extract valuable metals for a range of base, light, and precious metal oxides, as well as for sulphides, intermediates, and waste feeds. The company was formerly known as Reed Resources Ltd. and changed its name to Neometals Ltd in December 2014. Neometals Ltd is based in West Perth, Australia.
Top 10:
Sine Weighted Moving Average
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| OVH Onevue Holdings | 0.49 | 8.9 | 426,122 | 9.4 | NEUTRAL |
| BNO Bionomics | 0.14 | 3.8 | 292,378 | 3.8 | NEUTRAL |
| ABA Auswide Bank | 4.8 | 3.2 | 33,146 | 0 | NEUTRAL |
| IMF IMF | 2.87 | 1.8 | 105,864 | 1.6 | NEUTRAL |
| ELX Ellex Medical Lasers | 0.6 | 0.8 | 258,232 | 0.7 | NEUTRAL |
| SXL Southern Cross Media | 1.25 | 0.8 | 1,144,049 | 1.1 | NEUTRAL |
| MYS Mystate | 4.24 | 0.7 | 194,895 | 0.8 | NEUTRAL |
| EGS Eastern Goldfields | 0.12 | 0 | 0 | 0 | NEUTRAL |
| QIN Quintis | 0.3 | 0 | 0 | 0 | NEUTRAL |
| RCR RCR Tomlinson | 0.87 | 0 | 0 | 0 | NEUTRAL |