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

Donchian Channels



Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 29 13.2 0.28% 0.38% 11.1% -3.1% 24.3%
SHORT 30 13.7 0.20% 0.25% 14.0% -5.2% -40.8%


Technical Analysis

Vita (VTG.AX)



Last Signal:


Trading: SELL @ $1.27
Signal Strength: STRONG

Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.

Vita (ASX:VTG) is currently bearish highlighting the potential for a short term trend continuation in the downward direction.

The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.

Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;


Stock Exchange: ASX
Company: Vita
Ticker Codes: | VTG.AX | ASX:VTG |

About Vita (ASX:VTG):

Vita Group Limited markets and sells communication and technology solutions in Australia. It provides telecommunications products and services to retail, small to medium business, government, and enterprise customers; and technology accessories and men's athleisure wear. The company sells products and services through a network of brands, such as Telstra, Telstra Business Center, Vita Enterprise Solutions, Sprout, and SQDAthletica. As of June 30, 2017, it operated 105 Telstra licensed stores, 21 Telstra business centers, and 1 Fone Zone store. Vita Group Limited was founded in 1995 and is based in Albion, Australia.

Top 10:

Donchian Channels

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MOY Millennium Minerals 0.07 15.8 5,801,793 -31.82 BEARISH
DCN Dacian Gold 0.59 8.3 6,477,380 -34.13 BEARISH
GTN GTN Resources 1.06 8.2 143,270 -23.33 BEARISH
URF Us Masters Residential Property Fund 0.83 5.7 189,975 -23.33 BEARISH
KGN Kogan 5.21 5.5 899,578 -25 BEARISH
MOC Mortgage Choice 1.13 5.1 144,151 -2.27 BEARISH
ONE Oneview Healthcare 0.21 5.1 191,184 -28.57 BEARISH
CDV Cardinal Resources 0.33 4.8 434,144 -8.82 BEARISH
ISD Isentia 0.24 4.3 541,629 -27.78 BEARISH