West African Resources

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

Detrended Price Oscillator

Score

-0.6

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 18 17.4 0.17% 0.19% 23.4% -4.4% -0.4%
SHORT 18 24.3 0.28% 0.36% 6.3% -4.9% -36.7%

Summary

Technical Analysis

West African Resources (WAF.AX)


Indicator:

DETREND PRICE OSCILLATOR


Last Signal:

BEARISH


Trading: SELL @ $0.39
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.


West African Resources (ASX:WAF) currently has a confirmed downtrend. Price is currently below the displaced moving average for WAF Currently, the return on DPO20 is -1.3%.



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.

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Detrended Price Oscillator

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