|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Sky City Entertainment (SKC.AX)
SINE WEIGHTED MOVING AVERAGE
Trading: BUY @ $3.75
Signal Strength: STRONG
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.
Sky City Entertainment (ASX:SKC) currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -1.1%.
A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.
Calculation: Sine Weighted Moving Average (SWMA):
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
PROFILE: Sky City Entertainment (SKC.AX)
Stock Exchange: ASX
Company: Sky City Entertainment
Ticker Codes: | SKC.AX | ASX:SKC |
SKYCITY Entertainment Group Limited, together with its subsidiaries, operates in the gaming/entertainment, hotel and convention, hospitality, recreation, and tourism sectors in New Zealand and Australia. The company operates through SKYCITY Auckland, Rest of New Zealand, Adelaide Casino, SKYCITY Darwin, and International Business segments. It engages in hotels and convention, food and beverage, car parking, sky tower, and other related activities. The company also operates casinos in Auckland, Hamilton, and Queenstown, New Zealand; and Adelaide and Darwin, Australia, as well as various restaurants and bars. SKYCITY Entertainment Group Limited was incorporated in 1994 and is based in Auckland, New Zealand.
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