|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Rio Tinto (RIO.AX)
Trading: BUY @ $103.17
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.
Rio Tinto (ASX:RIO) is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.
Acceleration bands serve as a trading envelope using an instrument’s typical volatility over a standard setting of 20 bars. The user may change the input (close) period length and multiplier factor.
Calculation: Acceleration Bands:
1) Upper band = ( High * ( 1 + 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
2) Lower band = ( Low * ( 1 – 2 * (((( High – Low )/(( High + Low ) / 2 )) * 1000 ) * Factor )));
3) Where Factor=0.001
PROFILE: Rio Tinto (RIO.AX)
Stock Exchange: ASX
Company: Rio Tinto
Ticker Codes: | RIO.AX | ASX:RIO |
Rio Tinto Limited engages in finding, mining, and processing mineral resources primarily in Australia and North America. It offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, thermal and metallurgical coal, uranium, silver, molybdenum, sulphuric acid, rhenium, lead carbonate, selenium, ductile iron, steel billets, metal powders, and zircon. The company also operates in Asia, Europe, Africa, and South America. Rio Tinto Limited was incorporated in 1959 and is headquartered in Melbourne, Australia.
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