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%

What indicators would you like to backtest?



Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 22.2 0.50% 0.67% 3.3% -5.4% -29.3%
SHORT 12 17.1 0.50% 0.75% 5.5% -3.0% 9.4%


Technical Analysis

Fairfax (FXJ.AX)



Last Signal:


Trading: HOLD @ $0.66
Signal Strength: MEDIUM

Fairfax (ASX:FXJ) current price has highlighted recent accumulation. Currently, the OBV is 5.69001e+006.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.

On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)


Stock Exchange: ASX
Company: Fairfax
Ticker Codes: | FXJ.AX | ASX:FXJ |

About Fairfax (ASX:FXJ):

Fairfax Media Limited operates as a digitally progressive media company in Australia and New Zealand. It operates through Domain Group, Metropolitan Media, Australian Community Media, New Zealand Media, Radio, and Other segments. The company engages in news coverage through print publications and multi-media channels, digital ventures, events, and research for local regional and agricultural communities. Its regional publications include The Canberra Times, Newcastle Herald, Launceston Examiner, Border Mail, Ballarat Courier, and Illawarra Mercury with approximately 160 local newspapers and community-based Websites; agricultural publications comprise The Land, Queensland Country Life, North Queensland Register, Stock Journal, Stock, and Land along with Farm Weekly; events comprise AgQuip and CRT Farmfest Field Days, as well as is involved in Tamworth country music festival; and offers research and agricultural database options for rural industries. The company's publications also include The Sydney Morning Herald, The Age, and The Australian Financial Review. In addition, it engages in digital publishing, online dating, weather services, e-health, online education, video-on-demand, online jobs search, and online tender businesses. Further, the company provides residential, commercial, and rural property marketing solutions and search tools for buyers, investors, sellers, renters, and agents through mobile and tablet apps, at, as well as through metropolitan and regional newspapers. Additionally, it has a portfolio of lifestyle-oriented products focused on running, swimming, food and wine, parenting, and the arts; and operates a news and entertainment site, The company also operates news, talk, and sport radio stations in Sydney and Melbourne. Fairfax Media Limited was incorporated in 1990 and is headquartered in Sydney, Australia.

Top 10:

On Balance Volume

Company Close Change(%) Volume Value Signal
PNR Pacific Niugini Minerals 0.22 10.3 550,600 -309,797.4 BEARISH
CGL The Citadel 8.3 7 132,928 -28,860.8 BEARISH
HSN Hansen Technologies 3.62 6.8 87,164 -110,054.4 BEARISH
BPT Beach Petroleum 1.63 6.6 12,566,465 -418,076.6 BEARISH
FID Fiducian 4.3 6.2 3,180 -31,750 BEARISH
ADH Adairs 1.93 5.8 360,365 -374,459.2 BEARISH
SMX Sms Management & Technology 0.34 4.7 110,165 -223.6 BEARISH
PME Pro Medicus 10.55 4.6 89,552 -1,885.9 BEARISH
SBM St Barbara Mines 4.25 3.9 2,875,105 -2,056,067.4 BEARISH
ADA Adacel Technologies 0.66 3.1 209,780 -31,691.2 BEARISH