Tribune Resources

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

Aroon Oscillator

Score

-0.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 14 25.6 0.43% 0.67% 15.4% -8.9% 12.4%
SHORT 15 27.2 0.20% 0.25% 9.6% -6.6% -50.9%

Summary

Technical Analysis

Tribune Resources (TBR.AX)


Indicator:

AROON OSCILLATOR


Last Signal:

STRONG BEARISH


Trading: SELL @ $6.56
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.


Tribune Resources (ASX:TBR) has a current ARU(25) of 24 and a current ARD(25) of 96



The Aroon Oscillator is the difference between Aroon-Up and Aroon-Down. These two indicators are usually plotted together for easy comparison but chartists can also view the difference of these two indicators with the Aroon Oscillator. This indicator fluctuates between -100 and +100 with zero as the middle line.

Calculation: Aroon Oscillator (ARO) :
1) Aroon Up = 100 x (25 - Days Since 25-day High)/25;
2) Aroon Down = 100 x (25 - Days Since 25-day Low)/25;
3) Aroon Oscillator = Aroon-Up - Aroon-Down;


PROFILE: Tribune Resources (TBR.AX)


Stock Exchange: ASX
Company: Tribune Resources
Ticker Codes: | TBR.AX | ASX:TBR |

About Tribune Resources (ASX:TBR):

Tribune Resources Limited, together with its subsidiaries, explores for, develops, and produces mineral properties in Australia. It explores for gold and silver deposits. The company focuses on the East Kundana and West Kundana joint venture tenements. Tribune Resources Limited is based in South Perth, Australia.

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Aroon Oscillator

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