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

Daily Volume Index

Score

0.5

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 16 19.6 0.44% 0.64% 19.9% -5.3% 81.3%
SHORT 16 28.3 0.50% 0.80% 8.1% -4.9% 15.2%

Summary

Technical Analysis

Rib Loc (RBL.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $1
Signal Strength: MEDIUM
Recommendation:

Rib Loc (ASX:RBL) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -1071.


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: Rib Loc (RBL.AX)


Stock Exchange: ASX
Company: Rib Loc
Ticker Codes: | RBL.AX | ASX:RBL |

About Rib Loc (ASX:RBL):

Redbubble Limited operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers in Australia, the United States, the United Kingdom, and internationally. It provides an Internet based marketplace platform and associated logistics services to facilitate the sale of goods from artists to those who want to purchase goods bearing the artists' designs. The company enables 600,000 independent artists to sell their designs, such as apparel, stationery, housewares, bags, wall art, etc. It offers its services through its Website at Redbubble.com and three foreign language sites. The company was founded in 2006 and is based in Melbourne, Australia.

Top 10:

Daily Volume Index

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LNG Liquefied Natural Gas 0.29 9.6 1,664,251 -30,443 BEARISH
TZN Terramin Australia 0.08 8.7 388,211 -219 BEARISH
RAP Resapp Health 0.2 8.3 2,913,547 -8,868 BEARISH
VTG Vita 1.25 5.9 714,854 -5,498 BEARISH
OMH OM Holdings 0.92 5.8 56,591 -1,211 BEARISH
SMX Sms Management & Technology 0.39 5.4 102,965 -133 BEARISH
MLD Maca 1.03 4.6 305,392 -1 BEARISH