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 25 17.4 0.60% 1.50% 9.1% -2.4% 112.1%
SHORT 24 14.0 0.54% 1.08% 4.3% -6.2% -18.3%


Technical Analysis

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;

PROFILE: Atlassian (TEAM)

Stock Exchange: NASDAQ
Company: Atlassian
Ticker Codes: | TEAM | NASDAQ:TEAM |

About Atlassian (NASDAQ:TEAM):

Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web-based project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams. It also offers other tools for software developers, such as FishEye, Clover, Crowd, Crucible, Bamboo, SourceTree, and StatusPage. Atlassian Corporation Plc was founded in 2002 and is based in London, the United Kingdom.

Top 10:

Donchian Channels

Company Close Change(%) Volume Value Signal
KLAC KLA-Tencor Corporation 133.41 6.3 2,481,721 33.75 BULLISH
INO Inovio Pharma 2.88 6.3 741,720 43.29 BULLISH
GTLS Chart Industries 73.85 6.1 845,436 28.47 BULLISH
RARX Ra Pharmaceuticals Inc 34.43 5.6 332,237 26.2 BULLISH
ALKS Alkermes Plc 24.31 5.3 1,216,684 39.53 BULLISH
EWBC East West Bancorp 47.19 5.2 1,838,274 28.21 BULLISH
JBSS John B Sanfilippo 85.33 5.2 131,011 4.19 BULLISH
STRA Strayer Education 187.96 4.4 155,310 12.44 BULLISH
BOLD Audentes Therapeutics 38.08 4.4 370,140 39.77 BULLISH
MNTA Momenta Pharma 10.15 4.3 460,157 5.34 BULLISH