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

Open vs Close

Score

-6.1

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 119 3.8 0.20% 0.24% 1.2% -1.3% -100.1%
SHORT 120 4.3 0.29% 0.38% 0.9% -1.4% -93.7%

Summary

Technical Analysis


The opening and closing bar positions can add depth to assess whether buyers of sellers commitment is changing and thus which side is in control at the close of the trading session.

Calculation: Open Today Versus Close Today (OTCT):
1) If the market opens near the low and closes near the high the buyers have had control during the entire day;
2) If the market opens near the high and closes near the low the sellers have had control during the entire day;
3) If the market opens near one extreme of the range and closes near the middle of the range the side who started in control has lost commitment;
4) If the market opens near one extreme and closes near the same extreme the side who started in control has lost control;
5) If the market opens near the middle of the range and closes near one extreme control has swung to the buyers;
6) If the close is near the high and if the close is near the low the control has swung to the sellers;
7) If the market opens near the middle of the range and closes similarly neither side is strongly committed;


PROFILE: Mystate (MYS.AX)


Stock Exchange: ASX
Company: Mystate
Ticker Codes: | MYS.AX | ASX:MYS |

About Mystate (ASX:MYS):

MyState Limited, through its subsidiaries, provides a range of financial products and services in Australia. It operates through Banking, Wealth Management, and Corporate and Consolidation divisions. The company offers banking products, including transactional savings accounts and fixed term deposits; lending, such as home loans, personal, overdraft, line of credit, and commercial products; and insurance products. Its banking services comprise personal, residential, and business banking; transactional Internet and mobile banking; savings and investments; and insurance and other alliances. The company also provides trustee services that include estate planning, estate and trust administration, power of attorney, and corporate trustee. In addition, it offers wealth management services, which consists of managed fund investments, financial planning, portfolio administration, portfolio advisory, and private client services. The company delivers its products and services through its branch network, digital channels, and third party channels. MyState Limited is based in Hobart, Australia.

Top 10:

Open vs Close

Download
Company Close Change(%) Volume Value Signal
OSP Osprey Medical 0.07 17.7 881,992 0 BULLISH
EWC Energy World Corporation 0.08 11 792,083 1 BULLISH
KAR Karoon Gas Australia 1.1 9 1,448,127 1 BULLISH
MXI Maxitra Industries 0.31 8.9 36,071 1 BULLISH
CGS Cogstate 0.21 7.7 107,795 1 BULLISH
AYS Amaysim Australia 0.78 5.4 268,838 1 BULLISH
ANG Austin Engineering 0.2 5.3 34,915 1 BULLISH
KSL Kina Securities 1.36 5 784,095 1 BULLISH
PNC Pioneer Credit 2.35 4.4 105,156 1 BULLISH
AGI Ainsworth Game Technology 0.72 4.4 110,004 1 BULLISH