The best indicator for BHP
We backtested 382 indicators across daily, weekly and hourly charts on real BHP history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Volume Flow Indicator
On the weekly chart, this is the strongest risk-adjusted edge we found for BHP over ~46.4 years — trailing buy-and-hold by 1.7% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Volume Flow Indicator ✓ | Weekly | 10.1% | 0.53 | -60.9% | 68.4% | 19 | -1.7% |
| 2 | Inverse Fisher RSI ✓ | Daily | 9.7% | 0.52 | -71.4% | 43.4% | 392 | -2.1% |
| 3 | MACD-V ✓ | Daily | 9.6% | 0.52 | -55.1% | 45.0% | 442 | -2.2% |
| 4 | Woodies CCI ✓ | Daily | 8.8% | 0.52 | -46.2% | 42.4% | 983 | -3.0% |
| 5 | Hull MA Trend ✓ | Daily | 9.4% | 0.51 | -61.0% | 43.7% | 581 | -2.4% |
| 6 | DPO (10) ✓ | Daily | 9.7% | 0.51 | -60.0% | 43.2% | 563 | -2.2% |
| 7 | Ease of Movement ✓ | Weekly | 9.3% | 0.51 | -64.8% | 56.1% | 114 | -2.4% |
| 8 | SMC: Order Block ✓ | Weekly | 9.6% | 0.51 | -60.2% | 35.9% | 64 | -2.1% |
| 9 | CCI (14) ✓ | Daily | 9.3% | 0.5 | -56.7% | 42.2% | 702 | -2.6% |
| 10 | Gaussian Channel ✓ | Daily | 8.8% | 0.49 | -68.4% | 41.3% | 887 | -3.1% |
| 11 | Parabolic SAR (fast) ✓ | Daily | 8.9% | 0.49 | -65.8% | 44.4% | 744 | -3.0% |
| 12 | Ichimoku (fast) ✓ | Daily | 8.7% | 0.49 | -61.0% | 46.5% | 488 | -3.2% |
| 13 | CCI Trend ✓ | Weekly | 8.7% | 0.49 | -56.9% | 50.0% | 114 | -3.1% |
| 14 | Andean Oscillator ✓ | Weekly | 8.0% | 0.49 | -51.2% | 55.8% | 52 | -3.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For BHP, Volume Flow Indicator on the weekly timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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