Prime Television (PRT.AX)
SINE WEIGHTED MOVING AVERAGE
Trading: BUY @ $0.24
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.
Prime Television (ASX:PRT) 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 0.0%.
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):
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);
PROFILE: Prime Television (PRT.AX)
Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |
Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.
Sine Weighted Moving AverageDownload
|LYC Lynas Corporation||1.84||11.9||10,942,144||-3.6||BEARISH|
|TZN Terramin Australia||0.09||9.8||14,570||-0.9||BEARISH|
|BOC Bougainville Copper||0.15||7.1||5,000||-2.4||BEARISH|
|FDV Frontier Digital Ventures||0.51||6.3||308,940||-4.4||BEARISH|
|AJX Alexium International||0.12||4.5||187,044||-7.4||BEARISH|
|PNR Pacific Niugini Minerals||0.24||4.3||220,033||-1.4||BEARISH|
|ADA Adacel Technologies||0.74||4.2||69,085||-8.4||BEARISH|
|CNI Centuria Capital||1.41||4.1||235,309||-0.3||BEARISH|