Trading indicator
Chaikin Money FlowTrade 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
Chaikin Money Flow
Score
0.45
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 24 | 16.8 | 0.67% | 1.60% | 7.4% | -2.8% | 91.0% |
| SHORT | 25 | 13.7 | 0.28% | 0.39% | 7.5% | -4.2% | -23.3% |
Summary
Technical Analysis
Saracen Mineral (SAR.AX)
Indicator:
CHAIKIN MONEY FLOW
Last Signal:
BEARISH
Trading: SELL @ $3.44
Signal Strength: MEDIUM
Recommendation:
Saracen Mineral (ASX:SAR) current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.1. SAR.AXThe bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.25 occurring on the Aug 21 2019.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.
Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.
Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;
PROFILE: Saracen Mineral (SAR.AX)
Stock Exchange: ASX
Company: Saracen Mineral
Ticker Codes: | SAR.AX | ASX:SAR |
Saracen Mineral Holdings Limited engages in the gold mining business in Australia. It also explores for nickel deposits. The company holds 100% interest in the Carosue Dam operations located in north-east of Kalgoorlie, Western Australia. It also holds interests in Thunderbox operations located in the Yandal belt and the Agnew-Wiluna belt in the North Eastern Goldfields of Western Australia. Saracen Mineral Holdings Limited is headquartered in Perth, Australia.
Top 10:
Chaikin Money Flow
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| BOC Bougainville Copper | 0.14 | 17.4 | 108,996 | 0.82 | BULLISH |
| ONE Oneview Healthcare | 0.29 | 7.4 | 3,200 | 0.13 | BULLISH |
| BKW Brickworks | 17.54 | 6.4 | 1,060,035 | 0.26 | BULLISH |
| SHM Shriro | 0.71 | 5.2 | 80,561 | 0.16 | BULLISH |
| SYR Syrah Resources | 0.54 | 4.9 | 2,557,693 | 0.08 | BULLISH |
| BGA Bega Cheese | 4.58 | 4.8 | 1,923,906 | 0.06 | BULLISH |
| KAR Karoon Gas Australia | 1.29 | 4.5 | 338,923 | 0.17 | BULLISH |
| NBL Noni B | 3 | 4.5 | 142,113 | 0.35 | BULLISH |
| CEN Central Australian Phosphate | 7.9 | 4.4 | 81 | 0.48 | BULLISH |
| DDR Dicker Data | 7.67 | 4.1 | 226,493 | 0.08 | BULLISH |