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

Elder's Force Index

Score

-0.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 27 12.8 0.74% 2.50% 3.7% -4.9% 34.5%
SHORT 28 14.9 0.36% 0.56% 3.3% -4.3% -44.9%

Summary

Technical Analysis

Xero (XRO.AX)


Indicator:

ELDERS FORCE INDEX


Last Signal:

BULLISH


Trading: BUY @ $83.95
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.


Xero (ASX:XRO) current price has highlighted recent buying pressure. Currently, the Elders Force Index is 128634.



Elders Force Index (EFI) measures the power behind a price movement using price and volume. The indicator can also be used to identify potential reversals and price corrections. The EFI is an oscillator that fluctuates between positive and negative values above and below a Zero Line.

Calculation: Elders Force Index (EFI):
1) Close – Close yesterday x Volume;


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.

Top 10:

Elder's Force Index

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SSM Service Stream 2.67 0.8 1,495,445 -3,798 BEARISH CROSSOVER
MFG Magellan Financial 62.89 0.7 513,189 -18,997 BEARISH CROSSOVER
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AJM Altura Mining 0.06 0 4,900,500 -1,905 BEARISH CROSSOVER