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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Daily Volume Index

Score

-1.15

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 13 18.2 0.31% 0.44% 5.6% -3.0% -4.7%
SHORT 14 36.4 0.29% 0.36% 3.5% -8.3% -77.7%

Summary

Technical Analysis

Midway (MWY.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $2.38
Signal Strength: MEDIUM
Recommendation:

Midway (ASX:MWY) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -440.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. 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.


The daily volume index (DVI) is the amount of individual securities traded in a day on average over a specified period of time. Trading activity relates to the liquidity of a security. When average daily trading volume is high the stock can be easily traded and has high liquidity if trading volume is not very high and the security will tend to be less expensive because people are not as willing to buy it. As a result average daily trading volume can have an effect on the price of the security.

Calculation: Daily Volume Index (DVI):
1) [Close]-[Average price] / [Average price] x [Volume];


PROFILE: Midway (MWY.AX)


Stock Exchange: ASX
Company: Midway
Ticker Codes: | MWY.AX | ASX:MWY |

About Midway (ASX:MWY):

Midway Limited produces, sells, and exports wood fiber products to producers of pulp, and paper and associated products in Australia, Japan, and China. It primarily offers hardwood and softwood woodchips. The company also provides plantation management services to third party tree owners. Midway Limited is based in North Shore, Australia.

Top 10:

Daily Volume Index

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CYB Cybg 2.74 9.6 11,534,033 -12,722 BEARISH
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AVJ Av Jennings Homes 0.6 5.3 386,251 -70 BEARISH
SYR Syrah Resources 0.4 5.3 4,047,447 -24,164 BEARISH
DNA Donaco International 0.09 4.9 3,563,477 -13,860 BEARISH
NMT Neometals 0.22 4.9 812,159 -2,360 BEARISH
SAR Saracen Mineral 3.53 4.7 14,040,159 -38,277 BEARISH