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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Tricklar Trend

Score

-1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 11 42.6 0.27% 0.38% 2.1% -3.9% -24.6%
SHORT 11 23.8 0.27% 0.38% 5.2% -4.1% -17.2%

Summary

Technical Analysis

Orora (ORA.AX)


Indicator:

TRICKLAR TREND


Last Signal:

BULLISH


Trading: BUY @ $2.79
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 been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Orora (ASX:ORA) is in an uptrend in the medium term timeframe. The current rally number is 13 & the highest rally count for the LTM is 46. The highest rally for the month is 14



The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;


PROFILE: Orora (ORA.AX)


Stock Exchange: ASX
Company: Orora
Ticker Codes: | ORA.AX | ASX:ORA |

About Orora (ASX:ORA):

Orora Limited manufactures and supplies packaging products and services to the grocery, fast moving consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. The company offers glass bottles, aluminum cans, closures and caps, boxes and cartons, point-of-purchase displays, recycled paper, rigid and flexible packaging, bags and sacks, general packaging, and supplies. It also purchases, warehouses, sells, and delivers a range of packaging and related materials; and sells equipment; and point of purchase retail display solutions and other visual communication services. In addition, the company provides printing and signage, research and technology, product sourcing, automation and engineering, packaging design, kitting and fulfilment, logistics, and digital technology services. Orora Limited was founded in 2013 and is headquartered in Hawthorn, Australia.

Top 10:

Tricklar Trend

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