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

Weighted Moving Average

Score

-5.25

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 62 6.8 0.11% 0.12% 4.6% -3.1% -142.5%
SHORT 62 6.6 0.16% 0.18% 2.6% -2.8% -135.1%

Summary

Technical Analysis

Tower (TWR.AX)


Indicator:

WEIGHTED MOVING AVERAGE


Last Signal:

BULLISH


Trading: BUY @ $0.65
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 uptrend. Recent trading has caused the WMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is 0.0%.



Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.

Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-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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