Candlestick Daily volume index Bar reversal Edit

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%

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Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 49 11.4 0.59% 1.16% 2.3% -2.0% 16.6%
SHORT 49 4.8 0.51% 0.86% 1.4% -1.7% -13.4%


Technical Analysis

Steadfast (SDF.AX)



Last Signal:


Trading: HOLD @ $3.69
Signal Strength: MEDIUM

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.

Steadfast (ASX:SDF)

A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;

PROFILE: Steadfast (SDF.AX)

Stock Exchange: ASX
Company: Steadfast
Ticker Codes: | SDF.AX | ASX:SDF |

About Steadfast (ASX:SDF):

Steadfast Group Limited operates in the insurance broking industry in Australasia, Asia, and Europe. It operates as a co-owner and consolidator of brokers; underwriting agencies; and other complementary businesses, including life and reinsurance broking, premium funding, technology, back office, work health consultancy, and specialized legal practice. The company operates a network of 361 general insurance brokers and 24 underwriting agencies. Steadfast Group Limited was founded in 1996 and is based in Sydney, Australia.

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Elder Ray Index

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