What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
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?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Open vs Close

Score

-1.45

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 78 5.2 0.44% 0.62% 1.1% -1.0% -17.1%
SHORT 79 5.6 0.29% 0.37% 1.8% -1.6% -59.9%

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: Wellcom (WLL.AX)


Stock Exchange: ASX
Company: Wellcom
Ticker Codes: | WLL.AX | ASX:WLL |

About Wellcom (ASX:WLL):

Wellcom Group Limited provides advertising and marketing content production and content management services in Australia, the United Kingdom, New Zealand, Asia, and the United States. The company offers creative production services, including studio creative, photography, and retouching; adaptation services for print, digital, and video content; and Knowledgewell, a marketing software for marketing resource, campaign, digital asset, workflow, and print management. It also provides design and artwork services; and television production, digital print, and computer to plate production services. The company was founded in 2000 and is based in Port Melbourne, Australia.

Top 10:

Open vs Close

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Company Close Change(%) Volume Value Signal
AJX Alexium International 0.07 7.4 4,560,825 0 BEARISH
LOV Lovisa 12.28 5.7 348,086 0 BEARISH
SSM Service Stream 2.5 5 2,060,435 0 BEARISH
MNS Milnes Holdings 0.11 4.8 1,328,386 0 BEARISH
ECX Eclipx 1.65 4.1 2,202,554 -1 BEARISH
CWP Cedar Woods Properties 7.39 4.1 102,645 -1 BEARISH
BFC Beston Global Food 0.09 3.5 1,973,244 0 BEARISH
ADA Adacel Technologies 0.61 3.4 83,936 -1 BEARISH
SLK Sealink Travel 5.08 3.3 67,649 -1 BEARISH
XTJ ASX 200 Telecomms 1333.7 2.9 0 0 BEARISH