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

Average True Range

Score

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 5 41.0 0.40% 0.50% 3.9% -5.5% -14.1%
SHORT 4 119.8 0.50% 1.00% 25.6% -24.1% 3.1%

Summary

Technical Analysis

West African Resources has a TR of 0.01, and an ATR(14) of 0.021.



Average true range (ATR) is a technical analysis volatility indicator originally developed by J. Welles Wilder Jr. for commodities. The indicator does not provide an indication of price trend simply the degree of price volatility.

Calculation: Average True Range (ATR):
1) Current ATR = [(Prior ATR x 13) + Current TR] / 14;
2) Where TR = max[(high-low) abs(high-close previous) abs (low-close previous)]


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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