Trading indicator
Bill Williams Market IndexBacktest 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
Bill Williams Market Index
Score
0.6
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 56 | 4.3 | 0.57% | 1.23% | 2.8% | -2.2% | 33.1% |
| SHORT | 57 | 10.2 | 0.49% | 0.93% | 3.2% | -3.1% | -5.2% |
Summary
Technical Analysis
Whitehaven Coal (WHC.AX)
Indicator:
MARKET FACILITATION INDEX
Last Signal:
REDUCE
Trading: REDUCE @ $4.12
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.
Whitehaven Coal (ASX:WHC) Currently is a confirmed Fade Day.
The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.
Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;
PROFILE: Whitehaven Coal (WHC.AX)
Stock Exchange: ASX
Company: Whitehaven Coal
Ticker Codes: | WHC.AX | ASX:WHC |
Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through Open Cut Operations and Underground Operations segments. It operates five mines in North West New South Wales; four open cut mines at Maules Creek, Werris Creek, Tarrawonga, and Rocglen; and one underground mine at Narrabri. The company offers thermal coal and metallurgical coal used in the production of steel. As of August 17, 2017, it had approximately 974 million tons of recoverable coal reserves; and 862 million tons of marketable coal reserves. The company sells its coal primarily in Japan, Taiwan, India, Korea, China, Chile, Malaysia, Vietnam, Noumea, Indonesia, Australia, and Mexico. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.
Top 10:
Bill Williams Market Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| CEN Central Australian Phosphate | 6.94 | 8.3 | 4,068 | 0 | NEUTRAL |
| BNO Bionomics | 0.15 | 7.4 | 680,092 | 0 | NEUTRAL |
| EZL Euroz | 1.21 | 7.1 | 86,825 | 0 | NEUTRAL |
| ADH Adairs | 2.06 | 5.6 | 1,149,442 | 0 | NEUTRAL |
| MNS Milnes Holdings | 0.21 | 5.1 | 895,452 | 0 | NEUTRAL |
| TNG Tennant Creek Gold | 0.12 | 4.3 | 341,928 | 0 | NEUTRAL |
| ONE Oneview Healthcare | 0.25 | 4.2 | 107,600 | 0 | NEUTRAL |
| RBL Rib Loc | 1.05 | 4 | 106,026 | 0 | NEUTRAL |
| RMS Ramelius Resources | 0.86 | 3.6 | 2,311,783 | 0 | NEUTRAL |
| IRD Iron Road | 0.06 | 3.5 | 18,500 | 0 | NEUTRAL |