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

On Balance Volume



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 9.7 0.23% 0.30% 9.2% -3.8% -30.9%
SHORT 39 10.9 0.44% 0.74% 7.4% -6.4% -19.7%


Technical Analysis

Orocobre (ORE.AX)



Last Signal:


Trading: SELL @ $3.11
Signal Strength: MEDIUM

Orocobre (ASX:ORE) current price has highlighted recent distribution. Currently, the OBV is -369870.

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.

On Balance Volume (OBV) attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.

Calculation: On Balance Volume:
1) If the closing price is above the prior close price then: Current OBV = Previous OBV + Current Volume;
2) If the closing price is below the prior close price then: Current OBV = Previous OBV - Current Volume;
3) If the closing prices equals the prior close price then: Current OBV = Previous OBV (no change)

PROFILE: Orocobre (ORE.AX)

Stock Exchange: ASX
Company: Orocobre
Ticker Codes: | ORE.AX | ASX:ORE |

About Orocobre (ASX:ORE):

Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Its flagship project is the Salar de Olaroz lithium project located in north-west province of Jujuy. The company also produces boron minerals and refined chemicals. Orocobre Limited is based in Milton, Australia.

Top 10:

On Balance Volume

Company Close Change(%) Volume Value Signal
ADA Adacel Technologies 0.68 22.5 435,672 -48,565.3 BEARISH
RMS Ramelius Resources 0.77 15.9 8,313,251 -1,406,743.1 BEARISH
MOY Millennium Minerals 0.07 15.8 5,801,793 -514,048 BEARISH
AJM Altura Mining 0.11 14.6 11,815,602 -1,057,741.7 BEARISH
RSG Resolute Mining 1.19 10.2 15,246,642 -1,035,692.6 BEARISH
DCN Dacian Gold 0.59 8.3 6,477,380 -3,176,411.8 BEARISH
GTN GTN Resources 1.06 8.2 143,270 -92,553.1 BEARISH
URF Us Masters Residential Property Fund 0.83 5.7 189,975 -256,572.7 BEARISH
KGN Kogan 5.21 5.5 899,578 -215,893.7 BEARISH
ONE Oneview Healthcare 0.21 5.1 191,184 -31,137.7 BEARISH