The best indicator for BP
We backtested 382 indicators across daily, weekly and hourly charts on real BP history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Ultimate Oscillator
On the daily chart, this is the strongest risk-adjusted edge we found for BP over ~64.4 years — trailing buy-and-hold by 1.8% 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 | Ultimate Oscillator ✓ | Daily | 9.3% | 0.57 | -62.3% | 77.8% | 81 | -1.8% |
| 2 | Accumulation Swing Index | Daily | 9.5% | 0.57 | -89.0% | 44.7% | 3589 | -1.6% |
| 3 | Swing Index | Daily | 9.3% | 0.56 | -89.0% | 44.6% | 3594 | -1.7% |
| 4 | Ehlers SuperSmoother ✓ | Daily | 8.9% | 0.54 | -77.6% | 41.9% | 2167 | -2.2% |
| 5 | Woodie Pivots | Daily | 8.7% | 0.53 | -86.3% | 44.6% | 3547 | -2.4% |
| 6 | Supertrend (14,4) ✓ | Weekly | 9.4% | 0.53 | -58.1% | 66.7% | 24 | -1.6% |
| 7 | Q-Stick ✓ | Daily | 8.4% | 0.52 | -53.2% | 43.7% | 1381 | -2.7% |
| 8 | Stoch RSI (fast) ✓ | Daily | 8.5% | 0.52 | -64.3% | 42.1% | 1710 | -2.6% |
| 9 | FRAMA 200 Trend ✓ | Daily | 8.2% | 0.52 | -66.2% | 39.7% | 1334 | -2.8% |
| 10 | SMA 50/200 Cross ✓ | Daily | 8.7% | 0.51 | -55.6% | 50.0% | 44 | -2.4% |
| 11 | Chande Forecast Osc. | Daily | 8.0% | 0.5 | -81.7% | 43.3% | 1795 | -3.1% |
| 12 | McGinley 100 Trend ✓ | Daily | 9.4% | 0.5 | -68.4% | 33.3% | 183 | -1.7% |
| 13 | SMA 10/40 Cross ✓ | Weekly | 8.7% | 0.5 | -50.2% | 51.1% | 45 | -2.4% |
| 14 | PMax ✓ | Weekly | 9.8% | 0.53 | -48.7% | 85.7% | 14 | -1.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For BP, Ultimate Oscillator on the daily 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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