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 over the full backtest, with costs, and checked out-of-sample.
Where Canada (EWC) 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.
Donchian Midline
On the weekly chart, this is the strongest risk-adjusted edge we found for Canada (EWC) over ~30.7 years — beating buy-and-hold by 0.7% CAGR.
Canada (EWC) on the weekly 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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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 | Donchian Midline ✓ | Weekly | 9.5% | 0.72 | -24.4% | 56.0% | 75 | 0.7% |
| 2 | Chandelier Exit ✓ | Weekly | 9.7% | 0.7 | -33.4% | 55.6% | 45 | 0.9% |
| 3 | VWMA vs Price ✓ | Weekly | 8.7% | 0.69 | -27.9% | 57.3% | 82 | -0.1% |
| 4 | Inverse Fisher RSI ✓ | Weekly | 8.9% | 0.69 | -25.1% | 64.4% | 45 | 0.1% |
| 5 | FRAMA 10/30 Cross ✓ | Weekly | 8.7% | 0.69 | -32.4% | 61.4% | 132 | -0.2% |
| 6 | FRAMA 30 Trend ✓ | Weekly | 7.9% | 0.69 | -30.1% | 52.5% | 158 | -0.9% |
| 7 | Williams %R (21) ✓ | Weekly | 9.0% | 0.69 | -24.0% | 54.7% | 75 | 0.2% |
| 8 | VWAP Trend ✓ | Weekly | 8.6% | 0.68 | -30.9% | 56.0% | 84 | -0.3% |
| 9 | Coral Trend ✓ | Weekly | 9.2% | 0.68 | -27.5% | 64.0% | 25 | 0.4% |
| 10 | Instantaneous Trendline ✓ | Weekly | 8.7% | 0.68 | -29.4% | 63.9% | 61 | -0.1% |
| 11 | KAMA 10/30 Cross ✓ | Weekly | 9.2% | 0.68 | -28.9% | 80.0% | 15 | 0.4% |
| 12 | Aroon ✓ | Weekly | 8.6% | 0.67 | -19.8% | 68.2% | 44 | -0.2% |
| 13 | McGinley Dynamic ✓ | Weekly | 9.6% | 0.67 | -37.5% | 49.1% | 57 | 0.8% |
| 14 | Aroon Oscillator ✓ | Weekly | 8.6% | 0.67 | -19.8% | 68.2% | 44 | -0.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Canada (EWC)
2 of 666 tested setups beat buy-and-hold on Canada (EWC) outright. Another 408 could get there with leverage they would survive — but 208 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| QQE | 1 | 1.63× | 2.94× |
| Relative Volatility Index | 1 | 2.07× | 4.57× |
| Sine-Weighted MA | — | 2.03× | 4.78× |
| Chande Kroll Stop | — | 1.2× | 4.11× |
| Chandelier Exit | — | 1.39× | 5.93× |
| Chande-Kroll Stop (fast) | — | 1.4× | 4.92× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Canada (EWC), Donchian Midline 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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