Trading indicator
Close vs RangeBacktest 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
Close vs Range
Score
-2.6
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 35 | 12.0 | 0.40% | 0.58% | 2.1% | -4.5% | -78.4% |
| SHORT | 35 | 10.6 | 0.34% | 0.48% | 3.6% | -5.2% | -86.2% |
Summary
Technical Analysis
Oceanagold Corporation (OGC.AX)
Indicator:
PRICE RANGE CHANGE
Last Signal:
BULLISH
Trading: BUY @ $3.51
Signal Strength: WEAK
Recommendation:
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Oceanagold Corporation (ASX:OGC) buyers are in control at the market close. This is the first day of buyer commitment for Oceanagold Corporation adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.3%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 14.3%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 3 days in the lower range giving a ratio of 0.7x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Oceanagold Corporation (OGC.AX)
Stock Exchange: ASX
Company: Oceanagold Corporation
Ticker Codes: | OGC.AX | ASX:OGC |
OceanaGold Corporation, a gold mining company, explores for, develops, and operates mineral properties in the Philippines, New Zealand, and the United States. Its flagship asset is the Didipio gold-copper mine located on the island of Luzon in the Philippines. OceanaGold Corporation was incorporated in 2003 and is headquartered in Melbourne, Australia.
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