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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Code Company Date Close Change Indicator Value Signal

Trading Performance

On Balance Volume



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
SHORT 15 16.8 0.27% 0.36% 5.0% -3.2% -14.8%
LONG 15 34.3 0.40% 0.67% 14.5% -3.4% 56.5%


Technical Analysis

Santos (STO.AX)



Last Signal:


Trading: SELL @ $6.59
Signal Strength: MEDIUM

Santos (ASX:STO) current price has highlighted recent distribution. Currently, the OBV is -1.87927e+006.

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)


Stock Exchange: ASX
Company: Santos
Ticker Codes: | STO.AX | ASX:STO |

About Santos (ASX:STO):

Santos Limited explores for, develops, produces, transports, and markets hydrocarbons for homes, businesses, and major industries in Australia and Asia. The company produces natural gas, such as liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, and condensate, as well as oil. Its proved plus probable petroleum reserves include 848 million barrels of oil equivalent. The company was founded in 1954 and is headquartered in Adelaide, Australia.

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AHG Advance Healthcare 3.21 4.6 663,989 261,920.3 BULLISH
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CAT Catuity 1.17 3.6 340,110 136,862.9 BULLISH
AJX Alexium International 0.15 3.6 80,000 114,468.4 BULLISH