The best indicator for DraftKings
We backtested 382 indicators across daily, weekly and hourly charts on real DraftKings history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where DraftKings stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Relative Volatility Index
On the daily chart, this is the strongest risk-adjusted edge we found for DraftKings over ~6.9 years — beating buy-and-hold by 28.3% CAGR.
DraftKings on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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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 | Relative Volatility Index ✓ | Daily | 41.5% | 1.07 | -35.9% | 46.6% | 88 | 28.3% |
| 2 | Bullish Harami ✓ | Daily | 21.8% | 1.01 | -21.5% | 41.5% | 65 | 8.5% |
| 3 | On-Balance Volume ✓ | Daily | 35.3% | 0.93 | -53.2% | 41.4% | 111 | 22.0% |
| 4 | TRIMA 30 Trend ✓ | Daily | 32.1% | 0.93 | -33.7% | 50.0% | 48 | 18.9% |
| 5 | Vertical Horizontal Filter | Daily | 26.0% | 0.91 | -26.7% | 60.0% | 60 | 12.8% |
| 6 | Bollinger Breakout ✓ | Daily | 26.4% | 0.88 | -42.7% | 45.7% | 35 | 13.1% |
| 7 | Ulcer Index ✓ | Daily | 25.7% | 0.84 | -55.0% | 48.9% | 45 | 12.5% |
| 8 | Net Volume ✓ | Daily | 31.1% | 0.84 | -65.7% | 48.1% | 77 | 17.9% |
| 9 | Liquidity Flow Oscillator ✓ | Daily | 31.1% | 0.84 | -65.7% | 48.1% | 77 | 17.9% |
| 10 | Acceleration Bands | Daily | 21.2% | 0.83 | -28.5% | 40.0% | 70 | 8.0% |
| 11 | Laguerre RSI ✓ | Weekly | 29.8% | 1.03 | -27.7% | 91.7% | 12 | 16.6% |
| 12 | Volume Oscillator | Daily | 22.5% | 0.79 | -53.2% | 43.5% | 62 | 9.2% |
| 13 | Keltner Mean-Reversion ✓ | Daily | 20.4% | 0.78 | -56.5% | 82.6% | 23 | 7.2% |
| 14 | VIDYA | Daily | 26.5% | 0.77 | -55.9% | 47.6% | 63 | 13.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
The question doesn't apply here. Buy-and-hold on DraftKings lost money across the out-of-sample window in 332 of 332 tests, so there is no positive benchmark to lever toward — clearing a negative bar is a much weaker claim than beating a real one, and we keep the two apart rather than counting it as a win. How we compute that
For DraftKings, Relative Volatility Index on the daily 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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