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

Bill Williams Market Index

Score

1.8

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 40 5.1 0.68% 1.80% 2.5% -1.9% 40.7%
SHORT 42 14.4 0.62% 1.24% 5.2% -1.7% 98.7%

Summary

Technical Analysis


The Market Facilitation Index is designed for evaluation the willingness of the market to move the price. The indicators absolute values alone cannot provide any trading signals unlike its dynamics in relation to the dynamics of the volume.

Calculation: Bill Williams Market Facilitation Index:
1) Green bar - both MFI and volume are up. Increasing trading activity means market movement acceleration;
2) Blue bar - MFI indicator is up volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing;
3) Pink bar - MFI indicator is down volume is up. The slowing down movement while volume is raising may indicate a possible break through often a U-turn;
4) Brown bar - both MFI and volume are down. The market is no longer interested in the current direction and is looking for signs of a future development;


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:

Bill Williams Market Index

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Company Close Change(%) Volume Value Signal
PPS Praemium 0.41 9.3 3,235,337 -1 BEARISH
AJX Alexium International 0.13 8.7 796,462 0 BEARISH
NAN Nanosonics 4.93 6.7 1,283,636 -1 BEARISH
DWS DWS 1.13 6.6 119,422 -1 BEARISH
VGL Volante 5.8 6.4 1,417 -1 BEARISH
IMD Imdex 1.1 5.8 2,149,957 -1 BEARISH
PRU Perseus Mining 0.5 5.3 6,327,147 -1 BEARISH
ASL Ausdrill 1.51 5.2 2,815,654 -1 BEARISH
ATL ASX 20 0.41 5.1 164,830 0 BEARISH
DNA Donaco International 0.11 5 843,519 -1 BEARISH