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%



Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 12.5 0.57% 1.21% 4.3% -2.9% 43.3%
SHORT 41 7.1 0.39% 0.62% 2.4% -3.6% -55.0%


Technical Analysis

Xero (XRO.AX)



Last Signal:


Trading: BUY @ $84.26
Signal Strength: MEDIUM

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) Elder Ray Index is signalling a Bullish movement

A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


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 Ray Index

Company Close Change(%) Volume Value Signal
TZN Terramin Australia 0.03 13.3 14,100 0.06 BULLISH
TRS Reject Shop 4.22 6.8 435,254 0 BULLISH
EVO Evolve Education 0.17 6.5 1,740,571 0.02 BULLISH
MSB Mesoblast 3.07 5.5 4,497,569 0.01 BULLISH
WEB Webjet 14.38 5 1,073,792 0.07 BULLISH
CVC CVC 2.19 4.3 344 0.62 BULLISH
CVW Clearview Wealth 0.5 4.2 83,036 1 BULLISH
CAJ Capitol Health 0.25 4.2 422,800 0.1 BULLISH
ONE Oneview Healthcare 0.13 4.2 52,900 0.07 BULLISH
SMN Structural Monitoring Systems 0.91 4 205,807 0.36 BULLISH