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

% Volume Oscillator

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 26 12.0 0.65% 1.70% 3.0% -4.3% 9.2%
SHORT 26 16.7 0.65% 1.31% 3.2% -2.6% 20.4%

Summary

Technical Analysis

Ozforex (OFX.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $1.5
Signal Strength: MEDIUM
Recommendation:

Ozforex (ASX:OFX) currently has positive PVO 10.29%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


PROFILE: Ozforex (OFX.AX)


Stock Exchange: ASX
Company: Ozforex
Ticker Codes: | OFX.AX | ASX:OFX |

About Ozforex (ASX:OFX):

OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, and Asia. It offers its services under the brand names of OFX, UKForex, CanadianForex, USForex, NZForex, Tranzfers, and ClearFX. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia.

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% Volume Oscillator

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