Tennant Creek Gold

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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Trading Performance

Williams %R

Score

2.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 44 10.0 0.77% 1.62% 4.4% -3.1% 83.8%
SHORT 44 8.7 0.80% 2.50% 5.9% -6.0% 122.4%

Summary

Technical Analysis

Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R Williams %R reflects the level of the close relative to the highest high for the look-back period.

Calculation: Williams %R:
1) %R = (Highest High - Close)/(Highest High - Lowest Low) * -100;
2) Lowest Low = lowest low for the look-back period Highest High = highest high for the look-back period %R is multiplied by -100 correct the inversion and move the decimal;

PROFILE: Tennant Creek Gold (TNG.AX)


Stock Exchange: ASX
Company: Tennant Creek Gold
Ticker Codes: | TNG.AX | ASX:TNG |

About Tennant Creek Gold (ASX:TNG):

TNG Limited engages in the exploration, evaluation, and development of mineral properties in the Northern Territory and Western Australia in Australia. It explores for iron ore, vanadium, titanium, gold, lead, zinc, silver, nickel, and copper deposits. The company's flagship property is the 100% owned Mount Peake Vanadium-Titanium-Iron Project located to the northwest of Alice Springs in Arunta Geological Province in the Northern Territory. TNG Limited is based in Subiaco, Australia.

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Williams %R

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