What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade 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%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Money Flow Index

Score

-3.05

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 7 43.3 0.00% 0.00% 0.0% -19.2% -134.7%
SHORT 7 54.9 0.00% 0.00% 0.0% -11.4% -80.0%

Summary

Technical Analysis

Shriro (SHM.AX)


Indicator:

MONEY FLOW INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.685
Signal Strength: MEDIUM
Recommendation:

Shriro (ASX:SHM) current trading has maintained the money flow index overbought status and signalled the continuation of the bearish trading conditions. Currently, the MFI is 4.93. The bearish signal has been active for 0 days. During the quarter, the highest MFI value was 44.36.


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.


Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

Top 10:

Money Flow Index

Download
Company Close Change(%) Volume Value Signal
CDP Carindale Property Trust 6.35 2.8 5,288 1.12 BEARISH
ASG Autosports 1.66 2.5 23,880 8.08 BEARISH
CLQ Clean Teq Holdings 0.27 1.9 382,798 17.4 BEARISH
PAC Pacsoft 7.04 1.3 36,615 5.38 BEARISH
GTN GTN Resources 0.73 0.7 929,835 3.3 BEARISH
HPI Hotel Property Investments 3.23 0.6 179,054 17.41 BEARISH
ERF Elanor Retail Property Fund 1.26 0.4 17,793 13.1 BEARISH
AIA Auckland International Airport 8.52 0.4 158,257 7.89 BEARISH
HUO Huon Aquaculture 4.48 0 1,130 10.57 BEARISH
BLA Blue Sky 0.19 0 0 0 BEARISH