The best indicator for Cadence Design Systems (CDNS)
We backtested 382 indicators across daily, weekly and hourly charts on real Cadence Design Systems (CDNS) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Cutler's RSI
On the weekly chart, this is the strongest risk-adjusted edge we found for Cadence Design Systems (CDNS) over ~39.1 years — beating buy-and-hold by 0.3% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Cadence Design Systems (CDNS) — trailing buy-and-hold by 3.8% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
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 | Cutler's RSI ✓ | Weekly | 14.8% | 0.62 | -48.6% | 54.3% | 105 | 0.3% |
| 2 | ROC (14) ✓ | Weekly | 14.8% | 0.62 | -48.6% | 54.3% | 105 | 0.3% |
| 3 | CMO (14) ✓ | Weekly | 14.8% | 0.62 | -48.6% | 54.3% | 105 | 0.3% |
| 4 | Heikin-Ashi + EMA ✓ | Weekly | 14.3% | 0.61 | -66.5% | 55.8% | 86 | -0.2% |
| 5 | Aroon ✓ | Weekly | 14.4% | 0.6 | -56.3% | 50.8% | 59 | -0.1% |
| 6 | Aroon Oscillator ✓ | Weekly | 14.4% | 0.6 | -56.3% | 50.8% | 59 | -0.1% |
| 7 | CCI (100) ✓ | Daily | 14.0% | 0.59 | -51.8% | 41.4% | 169 | -0.4% |
| 8 | CCI Trend ✓ | Weekly | 13.2% | 0.58 | -58.6% | 52.9% | 85 | -1.3% |
| 9 | McGinley Dynamic ✓ | Weekly | 16.7% | 0.58 | -75.0% | 57.9% | 38 | 2.3% |
| 10 | Bollinger %B ✓ | Weekly | 13.2% | 0.58 | -49.7% | 52.9% | 102 | -1.3% |
| 11 | Vortex ✓ | Weekly | 12.9% | 0.56 | -52.0% | 50.0% | 86 | -1.6% |
| 12 | Random Walk Index ✓ | Weekly | 12.9% | 0.56 | -52.0% | 50.0% | 84 | -1.6% |
| 13 | Random Walk Index ✓ | Weekly | 12.9% | 0.56 | -52.0% | 50.0% | 84 | -1.6% |
| 14 | VWAP Trend ✓ | Weekly | 12.4% | 0.55 | -52.7% | 55.2% | 105 | -2.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Cadence Design Systems (CDNS), Cutler's RSI on the weekly timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — 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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