The best indicator for Canada (EWC)
We backtested 382 indicators across daily, weekly and hourly charts on real Canada (EWC) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Instantaneous Trendline
On the weekly chart, this is the strongest risk-adjusted edge we found for Canada (EWC) over ~30.3 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 Canada (EWC) — trailing buy-and-hold by 6.4% 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 | Instantaneous Trendline ✓ | Weekly | 9.2% | 0.64 | -29.3% | 61.7% | 60 | 0.3% |
| 2 | Relative Volatility Index ✓ | Weekly | 10.1% | 0.63 | -37.1% | 55.6% | 72 | 1.2% |
| 3 | KAMA 10/30 Cross ✓ | Weekly | 9.3% | 0.62 | -28.9% | 73.3% | 15 | 0.4% |
| 4 | Coral Trend ✓ | Weekly | 9.1% | 0.61 | -29.4% | 64.0% | 25 | 0.2% |
| 5 | FRAMA 10/30 Cross ✓ | Weekly | 8.6% | 0.61 | -32.2% | 63.4% | 131 | -0.3% |
| 6 | EMA 20/80 Cross ✓ | Daily | 8.0% | 0.6 | -28.0% | 46.9% | 49 | -1.0% |
| 7 | TSI (13,7) ✓ | Weekly | 8.7% | 0.6 | -29.6% | 61.0% | 41 | -0.2% |
| 8 | WMA 10/30 Cross ✓ | Weekly | 8.8% | 0.59 | -27.6% | 69.2% | 26 | -0.1% |
| 9 | EMA 20/50 Cross ✓ | Daily | 7.5% | 0.58 | -36.9% | 50.0% | 68 | -1.5% |
| 10 | McGinley 10/30 Cross ✓ | Daily | 8.0% | 0.58 | -36.8% | 49.2% | 59 | -1.0% |
| 11 | VIDYA 10/30 Cross ✓ | Daily | 7.8% | 0.58 | -36.5% | 48.1% | 27 | -1.2% |
| 12 | McGinley Dynamic ✓ | Weekly | 8.3% | 0.58 | -51.6% | 50.0% | 58 | -0.6% |
| 13 | Random Walk Index ✓ | Weekly | 8.2% | 0.58 | -30.1% | 61.1% | 72 | -0.6% |
| 14 | Random Walk Index ✓ | Weekly | 8.2% | 0.58 | -30.1% | 61.1% | 72 | -0.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Canada (EWC), Instantaneous Trendline 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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