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 12 29.5 0.33% 0.44% 7.8% -4.7% -10.8%
SHORT 12 32.8 0.25% 0.30% 8.5% -5.5% -30.0%


Technical Analysis

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;

PROFILE: Macmahon (MAH.AX)

Stock Exchange: ASX
Company: Macmahon
Ticker Codes: | MAH.AX | ASX:MAH |

About Macmahon (ASX:MAH):

Macmahon Holdings Limited provides contract mining services to clients in Australia, New Zealand, South East Asia, Mongolia, and Africa. The company operates in three segments: Surface Mining, Underground Mining, and International Mining. It offers surface mining services, including mine planning and management, drill and blast, bulk and selective mining, crushing and screening, train loading, mining equipment usage, and mine management. The company also provides underground mining services, such as underground development and production, portal establishment, raise drilling, cable bolting, shotcreting, remote shaft lining, production drilling, and shaft sinking services. In addition, it offers engineering electrical, fabrication, infrastructure construction, and mechanical services; underground pumping and infrastructure construction services; and emergency egress systems, and conveying, crushing and materials handling systems. Further, the company provides complete on-site maintenance and plant management support services. Macmahon Holdings Limited was founded in 1963 and is headquartered in Perth, Australia.

Top 10:

Donchian Channels

Company Close Change(%) Volume Value Signal
CAT Catuity 1.45 19.8 3,518,540 -10.38 BEARISH CROSSOVER
SOM Somnomed 2.1 13.5 18,826 -12.5 BEARISH CROSSOVER
CGL The Citadel 3.82 3.8 295,775 -1.14 BEARISH CROSSOVER
ARB Arb Corporation 18.81 3.1 303,647 -14.39 BEARISH CROSSOVER
VRL Village Roadshow 2.46 2.1 102,290 -20 BEARISH CROSSOVER
PPH Pan Pharmaceuticals 2.91 2.1 81,473 -33.33 BEARISH CROSSOVER
DCG Decmil 0.85 1.8 434,796 -3.85 BEARISH CROSSOVER
LOV Lovisa 12.3 1.8 474,727 -5.22 BEARISH CROSSOVER
LIC Lifestyles Communities 6.8 1 728,471 -21.7 BEARISH CROSSOVER
XTJ ASX 200 Telecomms 1296.4 1 0 -30.22 BEARISH CROSSOVER