Trading indicator
Detrended Price OscillatorTrade 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% |
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
Detrended Price Oscillator
Score
-0.7
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 22 | 16.7 | 0.27% | 0.38% | 11.2% | -3.2% | 16.0% |
| SHORT | 22 | 20.5 | 0.14% | 0.16% | 6.4% | -3.1% | -39.0% |
Summary
Technical Analysis
Resolute Mining (RSG.AX)
Indicator:
DETREND PRICE OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $1.155
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.
Resolute Mining (ASX:RSG) currently has a confirmed downtrend. Price is currently below the displaced moving average for RSG Currently, the return on DPO20 is -1.7%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Resolute Mining (RSG.AX)
Stock Exchange: ASX
Company: Resolute Mining
Ticker Codes: | RSG.AX | ASX:RSG |
Resolute Mining Limited engages in the mining, exploration, development, and production of gold properties in Africa and Australia. The company is also involved in the prospecting and exploration of minerals. Its flagship project is the Syama Gold Mine located in West Africa. The company was incorporated in 2001 and is based in Perth, Australia.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BRN Brainchip Holdings | 0.05 | 20 | 3,130,985 | 0.01 | BULLISH |
| GNG GR Engineering Services | 0.84 | 7 | 41,788 | 0.01 | BULLISH |
| PRU Perseus Mining | 1.06 | 6.6 | 17,925,639 | 0.12 | BULLISH |
| CIA Champion Iron | 2.5 | 6.4 | 968,425 | 0.62 | BULLISH |
| SYR Syrah Resources | 0.44 | 6.1 | 3,658,861 | 0.12 | BULLISH |
| MLX Metals X | 0.11 | 4.8 | 2,503,806 | 0.13 | BULLISH |
| TGA Thorn | 0.23 | 4.5 | 122,126 | 0.13 | BULLISH |
| ANG Austin Engineering | 0.23 | 4.5 | 2,229,372 | 0.01 | BULLISH |
| GGG Greenland Minerals | 0.13 | 4.2 | 1,523,759 | 0.01 | BULLISH |
| STO Santos | 8.14 | 4.2 | 5,506,707 | 0.01 | BULLISH |