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

Range Change



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 78 6.2 0.51% 1.03% 5.0% -2.6% 98.4%
SHORT 77 5.2 0.47% 0.71% 2.9% -3.2% -58.6%


Technical Analysis

The range of the bar gives important information about the strength of weakness of a trend. If buyers are very committed they will be keen to buy and will tend to bid the price up even in the face of some selling pressure. Price will quickly & easily move upward and the move will tend to be significant. As such expanding ranges indicate the either buyers or sellers becoming more committed. Alternatively once the range begins to contract the side in control are losing commitment.

Calculation: Range Today Versus Range Yesterday (RTRY):
1) Expanding ranges on the upside indicates that buyers are increasingly eager;
2) Expanding ranges on the downside indicates that sellers are increasingly eager;
3) Contracting ranges on the upside indicates that buyers are becoming less eager;
4) Contracting ranges on the downside indicates that sellers are becoming less eager;


Stock Exchange: ASX
Company: NRW
Ticker Codes: | NWH.AX | ASX:NWH |

About NRW (ASX:NWH):

NRW Holdings Limited, through its subsidiaries, provides civil and mining contracting services to resource and infrastructure sectors in Australia. It operates through three business divisions: NRW Civil & Mining, Action Drill & Blast (ADB), and AES Equipment Solutions (AES). The NRW Civil & Mining division delivers private and public civil infrastructure projects, mine development and contract mining, waste stripping, and ore haulage. This division's civil construction projects include bulk earthworks, rail formation, concrete installation, and construction of roads; and mining projects comprise work in iron ore, coal, and gold. The ADB division provides contract drill and blast services to mining sector, including iron ore, gold, coal, and lithium mines; and civil projects throughout Australia. The AES division offers maintenance services to the mining and resources sectors comprising the fabrication of water and service trucks. The company also sells plants and tires. NRW Holdings Limited was founded in 1994 and is headquartered in Belmont, Australia.

Top 10:

Range Change

Company Close Change(%) Volume Value Signal
ABC Adelaide Brighton 3.94 5.1 2,818,755 0 NEUTRAL
IPL Incitec Pivot 3.39 4.6 9,305,882 0 NEUTRAL
EVO Evolve Education 0.12 4.3 4,267,603 0 NEUTRAL
AKP Audio Pixels Holdings 20 3.9 3,297 0 NEUTRAL
JHX James Hardie Industries 18.5 3.8 2,115,262 0 NEUTRAL
SMN Structural Monitoring Systems 0.83 3.8 41,657 0 NEUTRAL
RMS Ramelius Resources 0.85 3.7 1,884,187 0 NEUTRAL
IRD Iron Road 0.06 3.4 10,000 0 NEUTRAL
EVN Evolution Mining 3.73 3.3 8,733,359 0 NEUTRAL
FXL Flexigroup 1.92 3.2 1,638,575 0 NEUTRAL