West African Resources

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%

What indicators would you like to backtest?



Code Company Date Close Change Indicator Value Signal

Trading Performance

Detrended Price Oscillator



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 6 54.8 0.50% 1.00% 17.0% -13.3% 11.1%
SHORT 5 69.8 0.40% 0.67% 8.6% -7.0% -3.9%


Technical Analysis

West African Resources (WAF.AX)



Last Signal:


Trading: BUY @ $0.455
Signal Strength: STRONG

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.

West African Resources (ASX:WAF) currently has a confirmed uptrend. Price is currently above the displaced moving average for WAF Currently, the return on DPO20 is 1.1%.

The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.

Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;

PROFILE: West African Resources (WAF.AX)

Stock Exchange: ASX
Company: West African Resources
Ticker Codes: | WAF.AX | ASX:WAF |

About West African Resources (ASX:WAF):

West African Resources Limited engages in the acquisition, exploration, and development of mineral resource projects in West Africa. It holds 100% interests in the Sanbrado gold project; and the Boulsa gold project located in Burkina Faso. The company was incorporated in 2006 and is based in Scarborough, Australia.

Top 10:

Detrended Price Oscillator

Company Close Change(%) Volume Value Signal
EPW ERM Power 2.45 42.4 11,431,310 0.07 BULLISH
VOC Vocus Communications 3.2 9.6 4,642,431 0.13 BULLISH
SDF Steadfast 3.81 7 5,307,131 0.18 BULLISH
WTC Wisetech Global 32.89 6.9 2,316,433 0.33 BULLISH
ISD Isentia 0.31 6.9 1,682,473 0.05 BULLISH
MCY Mighty River Power 5.05 6.8 10,062 0.23 BULLISH
URF Us Masters Residential Property Fund 0.8 6.7 48,505 1 BULLISH
CDD Cardno 0.96 5.5 177,614 0.19 BULLISH
BBN Baby Bunting 3 5.3 656,834 0.18 BULLISH
OPT Opthea 2.78 4.9 188,339 0.04 BULLISH