Trading indicator
Daily Volume IndexBacktest 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
Daily Volume Index
Score
0.25
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 15 | 28.6 | 0.67% | 1.43% | 2.4% | -1.3% | 15.1% |
| SHORT | 15 | 19.1 | 0.33% | 0.42% | 1.7% | -1.2% | -6.0% |
Summary
Technical Analysis
National Storage (NSR.AX)
Indicator:
DAILY VOLUME INDEX
Last Signal:
BULLISH
Trading: HOLD @ $1.845
Signal Strength: MEDIUM
Recommendation:
National Storage (ASX:NSR) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1635.
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.
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: National Storage (NSR.AX)
Stock Exchange: ASX
Company: National Storage
Ticker Codes: | NSR.AX | ASX:NSR |
National Storage is one of the largest self-storage providers in Australia and New Zealand, with 127 centres providing tailored storage solutions to over 40,000 residential and commercial customers across Australia and New Zealand. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).
Top 10:
Daily Volume Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| AQG Alacer Gold Corp | 4.42 | 8.6 | 637,521 | 284 | BULLISH |
| NAN Nanosonics | 4.93 | 6.7 | 1,283,636 | 1,425 | BULLISH |
| DWS DWS | 1.13 | 6.6 | 119,422 | 356 | BULLISH |
| WGX Westgold Resources | 1.69 | 6.3 | 616,095 | 9,799 | BULLISH |
| IMD Imdex | 1.1 | 5.8 | 2,149,957 | 4,951 | BULLISH |
| NST Northern Star Resources | 10.54 | 5.6 | 3,773,663 | 5,301 | BULLISH |
| SAR Saracen Mineral | 3.66 | 5.5 | 4,153,957 | 4,536 | BULLISH |
| NZM Nzme | 0.49 | 5.4 | 65,620 | 1,264 | BULLISH |
| CIA Champion Iron | 3.24 | 4.9 | 531,475 | 5,399 | BULLISH |
| EVN Evolution Mining | 4.13 | 4.8 | 11,519,500 | 47,152 | BULLISH |