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%

What indicators would you like to backtest?

Trading Performance

Donchian Channels



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 32 11.3 0.19% 0.23% 5.1% -2.5% -33.0%
SHORT 32 13.5 0.31% 0.43% 3.4% -1.9% -10.8%


Technical Analysis




Last Signal:


Trading: HOLD @ $1.09
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.

FSA (ASX:FSA) is currently bullish highlighting the potential for a short term trend continuation in the upward 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: FSA
Ticker Codes: | FSA.AX | ASX:FSA |

About FSA (ASX:FSA):

FSA Group Limited, together with its subsidiaries, engages in the provision of debt solutions and direct lending services to individuals in Australia. The company's Services segment offers debt agreement, personal insolvency agreement, bankruptcy, and easy bill debt management services. Its Consumer Lending segment is involved in the home loan lending and broking, and personal loan lending activities. The company also provides accounting and taxation services. FSA Group Limited is based in Sydney, Australia.

Top 10:

Donchian Channels

Company Close Change(%) Volume Value Signal
GOR Gold Road Resources 1.05 5.6 2,804,920 0 NEUTRAL
NZM Nzme 0.49 5.4 65,620 0 NEUTRAL
COE Cooper Energy 0.54 1.9 4,193,921 0 NEUTRAL
FIG Freedom Insurance 0.02 0 0 0 NEUTRAL
ATM Aneka Tambang 1.01 0 0 0 NEUTRAL
AXP Airxpanders Inc 0.04 0 0 0 NEUTRAL
CBL Cbl Corporation 2.82 0 0 0 NEUTRAL
QIN Quintis 0.3 0 0 0 NEUTRAL
RCR RCR Tomlinson 0.87 0 0 0 NEUTRAL
RVA Reva Medical 0.17 0 0 0 NEUTRAL