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

Triangular Moving Average

Score

-1.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 11.3 0.06% 0.07% 13.4% -3.8% -86.5%
SHORT 32 13.4 0.13% 0.14% 19.5% -3.6% -24.1%

Summary

Technical Analysis

Tower (TWR.AX)


Indicator:

TRIANGULAR MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.73
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 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.


Tower (ASX:TWR) currently has a confirmed downtrend. Recent trading has caused the TMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is 0.0%.



A triangular moving average can be calculated using various input data such as prices volume or another technical indicator.

Calculation: Triangular Moving Average (TMA):
1) SMA: n period sum / n;
2) TMA = (n SMA period sum) / N;


PROFILE: Tower (TWR.AX)


Stock Exchange: ASX
Company: Tower
Ticker Codes: | TWR.AX | ASX:TWR |

About Tower (ASX:TWR):

TOWER Limited provides general insurance products and services in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, business, travel, boat, motorbike, rural, and caravan insurance. The company was founded in 1869 and is based in Auckland, New Zealand.

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