Trading indicator
Detrended Price OscillatorBacktest 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
Detrended Price Oscillator
Score
3.35
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 30 | 11.4 | 0.67% | 1.67% | 3.9% | -0.9% | 66.5% |
| SHORT | 29 | 15.3 | 0.83% | 2.40% | 4.0% | -0.8% | 88.4% |
Summary
Technical Analysis
Zeolite Australia (ZEL.AX)
Indicator:
DETREND PRICE OSCILLATOR
Last Signal:
BEARISH
Trading: SELL @ $5.72
Signal Strength: STRONG
Recommendation:
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Zeolite Australia (ASX:ZEL) currently has a confirmed downtrend. Price is currently below the displaced moving average for ZEL Currently, the return on DPO20 is -0.5%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Zeolite Australia (ZEL.AX)
Stock Exchange: ASX
Company: Zeolite Australia
Ticker Codes: | ZEL.AX | ASX:ZEL |
Z Energy Limited sells transport fuel in New Zealand. It supplies fuel to retail customers, as well as commercial customers, such as airlines, trucking companies, mines, shipping companies, and vehicle fleet operators, as well as supplies bitumen to roading contractors. The company also offers Z card and Star card services for businesses to buy fuels. It owns and manages approximately 343 retail service stations; 157 truck stops; 7 electric vehicle charging stations; and pipelines, terminals, and fuel storage terminal infrastructure. The company was formerly known as Greenstone Energy Limited and changed its name to Z Energy Limited in May 2011. Z Energy Limited was incorporated in 1959 and is headquartered in Wellington, New Zealand.
Top 10:
Detrended Price Oscillator
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| ATL ASX 20 | 0.65 | 9.2 | 415,156 | -0.17 | BEARISH |
| DNA Donaco International | 0.08 | 9.2 | 4,579,010 | 0 | BEARISH |
| RAP Resapp Health | 0.15 | 7.1 | 428,520 | 0 | BEARISH |
| EZL Euroz | 1.21 | 7.1 | 86,825 | -0.01 | BEARISH |
| MNS Milnes Holdings | 0.21 | 5.1 | 895,452 | -0.05 | BEARISH |
| MTO Moto Goldmines | 1.34 | 4.7 | 78,748 | -0.09 | BEARISH |
| BRN Brainchip Holdings | 0.05 | 4.5 | 1,366,441 | 0 | BEARISH |
| BFC Beston Global Food | 0.12 | 4.3 | 385,290 | -0.01 | BEARISH |
| ONE Oneview Healthcare | 0.25 | 4.2 | 107,600 | -0.02 | BEARISH |
| DFM Dongfang Modern Agriculture | 0.88 | 4.1 | 241,557 | -0.01 | BEARISH |