Trading indicator
Cole's Reaction DayBacktest 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% |
Trading Performance
Cole's Reaction Day
Score
0.2
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 27 | 20.1 | 0.52% | 0.74% | 5.2% | -6.0% | -40.9% |
| SHORT | 25 | 9.3 | 0.80% | 1.18% | 3.6% | -1.9% | 38.7% |
Summary
Technical Analysis
Terramin Australia (TZN.AX)
Indicator:
COLES RALLY/REACTION DAY
Last Signal:
NEUTRAL
Trading: HOLD @ $0.077
Signal Strength: MEDIUM
Recommendation:
Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.
Terramin Australia (ASX:TZN)
Roger Cole devised a method to use rally and reaction days. Cole disregarded inside and outside days to find three rally days in a row or three reactions in a row. This is like three soldiers or three crows in candlestick pattern analysis, except Cole allowed for inside or outside days to intervene. Three soldiers and three crows, while rare, are extremely reliable. So Cole gave us some relief from a strict definition, but traded off increased frequency at the expense of reliability. Cole also used moving average crossovers to augment the two-day (rally, reaction, inside, outside day) results.
Calculation: Coles Reaction Day:
1) Rally Day: High > High yesterday & Low > Low yesterday;
2) Reaction Day: High > High yesterday & Low < Low yesterday
PROFILE: Terramin Australia (TZN.AX)
Stock Exchange: ASX
Company: Terramin Australia
Ticker Codes: | TZN.AX | ASX:TZN |
Terramin Australia Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of base and precious metals, and other economic mineral deposits in Australia and internationally. The company primarily explores for zinc, lead, gold, copper, and rare earth elements. Its flagship project is the Tala Hamza zinc project located on the Mediterranean coast in Algeria. The company was incorporated in 1993 and is based in Fullarton, Australia.
Top 10:
Cole's Reaction Day
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| MOY Millennium Minerals | 0.12 | 27.8 | 9,674,612 | 1 | BULLISH |
| CKF Collins Foods | 8.34 | 8 | 971,412 | 1 | BULLISH |
| SHJ Shine Corporate | 0.7 | 7.7 | 1,466,832 | 1 | BULLISH |
| NWH NRW | 2.47 | 6.9 | 3,715,368 | 1 | BULLISH |
| AJX Alexium International | 0.16 | 6.7 | 683,856 | 1 | BULLISH |
| RCT Reef Casino | 2.62 | 5.6 | 14,000 | 1 | BULLISH |
| OFX Ozforex | 1.45 | 4.3 | 281,057 | 1 | BULLISH |
| GBT Gbst Holdings | 2.8 | 4.1 | 131,781 | 1 | BULLISH |
| OPT Opthea | 0.66 | 3.9 | 50,953 | 1 | BULLISH |
| MXI Maxitra Industries | 0.3 | 3.4 | 71,009 | 1 | BULLISH |