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

Close vs Range



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 87 5.4 0.40% 0.61% 2.5% -2.0% -27.6%
SHORT 87 5.0 0.39% 0.59% 2.0% -2.7% -85.1%


Technical Analysis




Last Signal:


Trading: SELL @ $4.35
Signal Strength: WEAK

Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.

PWR (ASX:PWH)sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for PWR adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 5 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.9%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 38.5%. Currently this quarter, closing price has spent 5 days in the lower price range compared to 1 days in the upper range giving a ratio of 5x.

Where the closing price fall within the day’s trading range highlights whether are in control.

[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;


Stock Exchange: ASX
Company: PWR
Ticker Codes: | PWH.AX | ASX:PWH |

About PWR (ASX:PWH):

PWR Holdings Limited designs, engineers, produces, tests, validates, and sells customized aluminum cooling products and solutions in Australia and internationally. It operates through two segments, PWR Performance Products and C&R Racing. The company offers radiators, such as car radiators and radiator cores; and air to air, air to ice, and liquid to air intercoolers, as well as aero 2 universal cast tanks, intercooler kits, and air to air intercooler cores. It also provides engine, in-tank, inline engine, transmission, and power steering/diff/aux oil coolers; and accessories, including thermo fans, power steering reservoirs, radiator caps, expansion-recovery-surge tanks, fillers-fittings, water pumps, silicon hoses, T-bolt clamps, outlets, and other products. The company offers its cooling solutions for the motorsports, automotive original equipment manufacturing, automotive aftermarket, and emerging technologies sectors, as well as for racing, 4WD and off-road vehicle, military, and industrial applications. PWR Holdings Limited was founded in 1987 and is based in Ormeau, Australia.

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Close vs Range

Company Close Change(%) Volume Value Signal
SUL Super Cheap Auto 9.04 2.5 1,847,243 -1 BEARISH
NZM Nzme 0.48 2.1 544,095 -1 BEARISH
GDI GDI Property 1.43 1.1 1,540,771 -1 BEARISH
PMC Platinum Capital 1.56 0.3 227,544 -1 BEARISH
NVT Navitas 5.81 0.2 6,665,081 -1 BEARISH
NMT Neometals 0.22 0 341,022 -1 BEARISH
KDR Kidman Resources 1.88 0 3,406,229 -1 BEARISH
MXI Maxitra Industries 0.29 0 125,820 -1 BEARISH
HFR Highfield Resources 0.9 0 151,988 -1 BEARISH
DNA Donaco International 0.1 0 1,507,008 -1 BEARISH