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

Donchian Channels



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 12.8 0.28% 0.39% 4.5% -2.0% -5.6%
SHORT 33 11.6 0.21% 0.27% 6.2% -2.1% -11.8%


Technical Analysis

Alumina (AWC.AX)



Last Signal:


Trading: SELL @ $2.16
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Alumina (ASX:AWC) is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


Stock Exchange: ASX
Company: Alumina
Ticker Codes: | AWC.AX | ASX:AWC |

About Alumina (ASX:AWC):

Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, the United States, Guinea, Brazil, and Spain, as well as an interest in a smelter in Victoria Australia; and a bauxite mine and alumina refinery in Saudi Arabia. It also provides shipping services through owned and chartered vessels that transport dry and liquid bulk cargoes, including bauxite, alumina, caustic soda, fuel oil, petroleum, coke, and limestone. The company was formerly known as WMC Limited and changed its name to Alumina Limited in December 2002 as part of the demerger of the WMC Group. Alumina Limited was founded in 1970 and is headquartered in Southbank, Australia.

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Company Close Change(%) Volume Value Signal
RAP Resapp Health 0.2 33.3 6,699,681 -26.19 BEARISH
ISD Isentia 0.39 25.8 7,834,473 -45.24 BEARISH
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ONE Oneview Healthcare 0.23 9.8 3,200 -45 BEARISH
DNA Donaco International 0.08 5.5 3,717,561 -38.37 BEARISH
VVR Viva Energy Reit 2.84 4.8 4,492,270 -50 BEARISH
GMG Goodman 15.5 4.4 5,813,295 -46.03 BEARISH
NBL Noni B 2.62 4.4 33,436 -47.06 BEARISH
PSQ Pacific Smiles 1.3 4 241,926 -40.48 BEARISH
FNP Freedom Nutritional Products 4.36 3.8 216,060 -29.69 BEARISH