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

Bollinger Bands

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 12 15.3 0.17% 0.18% 2.6% -5.5% -55.0%
SHORT 13 43.4 0.38% 0.63% 23.6% -9.4% 42.8%

Summary

Technical Analysis


The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.

Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);


PROFILE: Thorn (TGA.AX)


Stock Exchange: ASX
Company: Thorn
Ticker Codes: | TGA.AX | ASX:TGA |

About Thorn (ASX:TGA):

Thorn Group Limited, together with its subsidiaries, provides a range of financial solutions to consumers and businesses in Australia. It is involved in the leasing of household products to consumers; and provision of leasing and other financial services to small and medium size enterprises under the Radio Rentals name. The company also engages in the provision of loans, commercial finance, and receivables management services. Thorn Group Limited was founded in 1937 and is based in Chullora, Australia.

Top 10:

Bollinger Bands

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Company Close Change(%) Volume Value Signal
MOY Millennium Minerals 0.13 13.6 1,861,319 -36.51 BEARISH
ONE Oneview Healthcare 0.29 11.8 184,305 -20.91 BEARISH
SLR Silver Lake Resources 1.45 8.2 9,252,383 -40.09 BEARISH
MXI Maxitra Industries 0.33 8.2 24,282 -44.23 BEARISH
AEF Australian Ethical Investments 2.03 6.8 76,257 -42.73 BEARISH
AJM Altura Mining 0.11 4.8 879,399 -36.75 BEARISH
MVP Medical Developments 6.06 4.7 189,975 -31.72 BEARISH
URF Us Masters Residential Property Fund 0.9 4.7 25,678 -5.99 BEARISH
RMS Ramelius Resources 0.79 4.6 5,774,170 -9.6 BEARISH
EDE Eden Energy 0.07 4.6 4,448,760 -14.53 BEARISH