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

Range Change

Score

-0.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 85 6.0 0.51% 0.96% 3.4% -2.1% 53.9%
SHORT 85 4.5 0.36% 0.57% 2.4% -2.3% -52.0%

Summary

Technical Analysis


The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


PROFILE: Xero (XRO.AX)


Stock Exchange: ASX
Company: Xero
Ticker Codes: | XRO.AX | ASX:XRO |

About Xero (ASX:XRO):

Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app. The company serves various businesses, such as retail, high tech, non-profit, legal, Amazon sellers, hospitality, cafÚs, startups, construction, creatives, e-commerce, small business, healthcare, farming, manufacturing, tourism, and real estate. Xero Limited was founded in 2006 and is headquartered in Wellington, New Zealand.

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Range Change

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Company Close Change(%) Volume Value Signal
DNA Donaco International 0.09 16 3,273,494 0 NEUTRAL
MYX Myx 0.47 5.7 4,922,554 0 NEUTRAL
MEZ Meridian Energy 4.47 5.4 59,827 0 NEUTRAL
CDV Cardinal Resources 0.31 5.1 66,456 0 NEUTRAL
CAT Catuity 2.2 4.3 415,929 0 NEUTRAL
AYS Amaysim Australia 0.39 4 98,562 0 NEUTRAL
EZL Euroz 1.07 3.9 181,684 0 NEUTRAL
TWR Tower 0.72 3.6 26,479 0 NEUTRAL
PNR Pacific Niugini Minerals 0.15 3.4 427,727 0 NEUTRAL
EVO Evolve Education 0.15 3.4 2,579,553 0 NEUTRAL