The Tricklar medium term trend indicator (T2) 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 (T2):
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: 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.
2nd timeframe trendDownload
|SLR Silver Lake Resources||0.57||9.6||4,014,673||1||BULLISH|
|PME Pro Medicus||11.68||6.7||140,709||1||BULLISH|
|RND Rand Mining||4.03||6.1||33,780||1||BULLISH|
|RCR RCR Tomlinson||1.13||5.1||1,860,447||1||BULLISH|