What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Daily Volume Index

Score

-0.2

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 9 53.9 0.56% 1.25% 4.5% -7.3% -6.6%
SHORT 9 34.1 0.44% 0.67% 4.3% -3.2% -1.6%

Summary

Technical Analysis

Tower (TWR.AX)


Indicator:

DAILY VOLUME INDEX


Last Signal:

BEARISH


Trading: SELL @ $0.65
Signal Strength: MEDIUM
Recommendation:

Tower (ASX:TWR) current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -59.


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: Tower (TWR.AX)


Stock Exchange: ASX
Company: Tower
Ticker Codes: | TWR.AX | ASX:TWR |

About Tower (ASX:TWR):

TOWER Limited provides general insurance products and services in New Zealand and the Pacific Islands. Its insurance products include car, house, contents, business, travel, boat, motorbike, rural, and caravan insurance. The company was founded in 1869 and is based in Auckland, New Zealand.

Top 10:

Daily Volume Index

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Company Close Change(%) Volume Value Signal
AJX Alexium International 0.06 14 224,969 -2,234 BEARISH
MWY Midway 1.57 9.4 91,626 -965 BEARISH
MNS Milnes Holdings 0.08 7.1 959,142 -13,010 BEARISH
GSW Getswift 0.57 6.5 140,748 -958 BEARISH
ABC Adelaide Brighton 3.06 6.3 4,642,840 -4,848 BEARISH
LYC Lynas Corporation 2 5 8,370,794 -29,226 BEARISH
LNG Liquefied Natural Gas 0.12 4.5 831,438 -14,523 BEARISH
VGL Volante 3.02 3.8 8,900 -75 BEARISH
MTO Moto Goldmines 1.68 3.7 0 -203 BEARISH
SSM Service Stream 2.18 3.3 3,924,443 -20,760 BEARISH