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%

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Trading Performance

Open vs Close



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 113 4.1 0.35% 0.49% 2.0% -1.3% -28.8%
SHORT 113 4.4 0.36% 0.51% 1.9% -1.5% -46.7%


Technical Analysis

The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;

PROFILE: Helloworld (HLO.AX)

Stock Exchange: ASX
Company: Helloworld
Ticker Codes: | HLO.AX | ASX:HLO |

About Helloworld (ASX:HLO):

Helloworld Travel Limited operates as a travel distribution company in Australia, New Zealand, and internationally. It sells international and domestic travel products and services, as well as operates a franchised network of travel agents. The company also operates as a franchisor of retail travel agency networks, including Helloworld Travel, Helloworld Travel Associate, Helloworld for Business, the My Travel Group, The Travel Brokers, Qantas Vacations, Islands in the Sun, Travelscene, and SmartFares; operates helloworld.com.au; and owns and operates Air Tickets. In addition, it provides air, cruise, and land products through retail travel agency networks and other third party retailers, as well as inbound travel services; and operates ReadyRooms.com, an online hotel aggregator. Further, the company offers travel management services, such as arranging flights, accommodation, car hire, visa facilitation services, and itinerary planning and management to government, large corporate customers, and small to medium sized enterprises. Additionally, it provides access to a database of various ocean and river cruise products, including itineraries, cruise lines, ocean and river cruise vessels, and ports information; and cruise packaging and services. The company operates under the Qantas Holidays, Viva! Holidays, Sunlover Holidays, Ready Rooms, The Cruise Team, Seven Oceans, Territory Discoveries, AOT Inbound, ATS Pacific, ETA, Insider Journeys, GO Holidays, QBT, APX Travel Management, and Qantas Vacations (USA) brands. The company was formerly known as Helloworld Limited and changed its name to Helloworld Travel Limited in April 2017. Helloworld Travel Limited is headquartered in North Sydney, Australia.

Top 10:

Open vs Close

Company Close Change(%) Volume Value Signal
PSI Pacific Strategic Investments 2.5 3.7 2,239 0 NEUTRAL
WHC Whitehaven Coal 3.75 2.7 8,139,004 0 NEUTRAL
COE Cooper Energy 0.54 1.9 4,193,921 0 NEUTRAL
IFT Infratil 4.2 1.9 4,105 0 NEUTRAL
SSM Service Stream 2.5 1.6 2,053,882 0 NEUTRAL
NTC Netcomm 1.08 1.4 6,481,465 0 NEUTRAL
DOW Downer EDI 7 1.3 3,874,454 0 NEUTRAL
SIQ Smartgroup 9.11 1.2 207,525 0 NEUTRAL
APD Apn Property 0.45 1.1 37,500 0 NEUTRAL
MRN Macquarie Radio Network 1.72 0.9 8 0 NEUTRAL