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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Trading Performance

Donchian Channels

Score

-0.85

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 12.7 0.17% 0.21% 6.5% -3.6% -54.3%
SHORT 30 14.2 0.33% 0.48% 6.4% -3.2% -4.4%

Summary

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: Maca (MLD.AX)


Stock Exchange: ASX
Company: Maca
Ticker Codes: | MLD.AX | ASX:MLD |

About Maca (ASX:MLD):

MACA Limited operates as a mining, civil construction, and road infrastructure company in Australia and Brazil. The company offers loading and hauling services; and drilling and blasting services, including production drilling and blasting for surface mining operations or quarries, pre-split drilling, contour drilling and pioneering, blast hole sample drilling, probe drilling, pre-split and final wall blasting, drill and blast design, blasting solutions for civil construction, and controlled blasting. It also provides crushing and screening services to deliver tailored screening and sizing solutions, as well as materials handling solutions. In addition, the company offers civil road and infrastructure asset management and maintenance services, including roads construction and maintenance, design and construction of bridges, and parks and gardens management services, as well as vegetation management, verge work, heavy lifts and safety barrier, and specialist services to government organizations. MACA Limited was incorporated in 2002 and is headquartered in Welshpool, Australia.

Top 10:

Donchian Channels

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Company Close Change(%) Volume Value Signal
SIV Silver Chef 0.78 12.3 85,606 -4 BEARISH
BRN Brainchip Holdings 0.04 10 1,340,076 -28.95 BEARISH
TLG Talga Gold 0.6 9.1 1,412,386 -11.9 BEARISH
ATL ASX 20 0.6 8.2 345,604 -35.53 BEARISH
GSW Getswift 0.17 6.3 243,238 -35.71 BEARISH
OSP Osprey Medical 0.12 4.3 46,313 -27.78 BEARISH
AKP Audio Pixels Holdings 19.99 4.1 5,459 -15.86 BEARISH
AEF Australian Ethical Investments 2.04 3.6 71,606 -21.58 BEARISH
RWC Reliance Worldwide Corporation 3.82 3.5 9,597,516 -25.29 BEARISH
RKN Reckon 0.65 3.2 8,747 -9.09 BEARISH