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

Bar Reversal



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 61 6.3 0.56% 1.21% 3.9% -1.9% 80.1%
SHORT 59 7.9 0.46% 0.84% 3.6% -3.8% -27.0%


Technical Analysis

Xero (XRO.AX)



Last Signal:


Trading: BUY @ $79.34
Signal Strength: MEDIUM

Indicator can be used in isolation but is strengthened by additional indicator confirmation. Indicator can be applied to the short or medium term timeframe and is able to highlight a potential change in price direction. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.

Xero (ASX:XRO) A short term Hook Reversal has formed with Xero which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

The Hook Reversal is a specific form of an inside day where there is a failure to maintain the trending move. This reversal signal is not an absolute break in the trend. Most traders will notice the lower closing price and a failure to make a new high but unaware of the loss of commitment.

Calculation: Hook Reversal:
1) Uptrend: Open (near low) & Close (near high) & [High] < [High Yesterday] & [Low] > [Low Yesterday];
2) Downtrend: Open (near high) & Close (near low) & [High] < [High Yesterday] & [Low] > [Low Yesterday]


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:

Bar Reversal

Company Close Change(%) Volume Value Signal
ORE Orocobre 2.7 5.9 1,851,831 -1 BEARISH
BKY Berkeley Resources 0.24 4.4 35,617 -1 BEARISH
NWS News Corporation 20.3 3.4 637,766 -1 BEARISH
SDA Speedcast International 0.76 3.4 2,991,801 -1 BEARISH
WSA Western Areas 3.1 3.3 3,357,559 -1 BEARISH
KAR Karoon Gas Australia 1.09 3.3 934,163 -1 BEARISH
OSP Osprey Medical 0.03 3.1 20,438 -1 BEARISH
PME Pro Medicus 21.73 2.7 501,228 -1 BEARISH
DMP Domino 52.25 2.2 186,639 -1 BEARISH
MAQ Macquarie Telecom 23 2.2 5,382 -1 BEARISH