Trading indicator
Daily Volume IndexBacktest 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% |
Trading Performance
Daily Volume Index
Score
0.1
| Position | Trades | Duration | Win Rate | Win/Loss | Avg Win | Avg Loss | Return |
|---|---|---|---|---|---|---|---|
| LONG | 21 | 16.3 | 0.43% | 0.75% | 8.5% | -5.0% | 15.9% |
| SHORT | 22 | 20.5 | 0.41% | 0.69% | 4.3% | -3.2% | -2.9% |
Summary
Technical Analysis
Tpg Telecom (TPM.AX)
Indicator:
DAILY VOLUME INDEX
Last Signal:
BEARISH
Trading: SELL @ $6.29
Signal Strength: MEDIUM
Recommendation:
Tpg Telecom (ASX:TPM) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -23794.
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: Tpg Telecom (TPM.AX)
Stock Exchange: ASX
Company: Tpg Telecom
Ticker Codes: | TPM.AX | ASX:TPM |
TPG Telecom Limited provides telecommunication services to residential, small business, corporate, government, and wholesale customers in Australia and internationally. It offers ADSL2+, NBN, fiber optic and Ethernet broadband access, telephony services, Internet protocol television, SIM only mobile plans, and various business networking solutions. The company also provides various bundle plans; Internet products, including broadband off-net and premium SHDSL solutions; POP3 and Internet message access protocol email accounts; phone cards; and video surveillance and business VOIP products. In addition, it offers virtual private network, point-to-point, Ethernet multipoint connectivity, wavelength, and dark fiber services; SIP and inbound voice, ISDN PRI and PSTN, and BizPhone services; and private cloud, virtual data center, national AWS connect, and co-location services. The company was formerly known as SP Telemedia Limited and changed its name to TPG Telecom Limited in December 2009. TPG Telecom Limited is headquartered in North Ryde, Australia.
Top 10:
Daily Volume Index
| Company | Close | Change(%) | Volume | Value | Signal |
|---|---|---|---|---|---|
| GAP Gale Pacific | 0.32 | 10.3 | 947,040 | -2,899 | BEARISH |
| BRN Brainchip Holdings | 0.04 | 10 | 1,340,076 | -7,349 | BEARISH |
| TLG Talga Gold | 0.6 | 9.1 | 1,412,386 | -15,966 | BEARISH |
| ATL ASX 20 | 0.6 | 8.2 | 345,604 | -3,437 | BEARISH |
| IFN IFN | 0.47 | 8.1 | 2,296,778 | -1,289 | BEARISH |
| CLW Charter Hall Long Wale | 4.85 | 6.6 | 1,130,561 | -789 | BEARISH |
| GSW Getswift | 0.17 | 6.3 | 243,238 | -10,676 | BEARISH |
| MAH Macmahon | 0.21 | 5.1 | 1,175,605 | -18,815 | BEARISH |
| MXI Maxitra Industries | 0.32 | 5 | 22,187 | -21 | BEARISH |
| OSP Osprey Medical | 0.12 | 4.3 | 46,313 | -674 | BEARISH |