The best indicator for United Kingdom (EWU)
We backtested 382 indicators across daily, weekly and hourly charts on real United Kingdom (EWU) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where United Kingdom (EWU) 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.
Keltner Mean-Reversion
On the daily chart, this is the strongest risk-adjusted edge we found for United Kingdom (EWU) over ~30.5 years — beating buy-and-hold by 0.8% CAGR.
United Kingdom (EWU) 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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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for United Kingdom (EWU) — trailing buy-and-hold by 4.0% 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 | Keltner Mean-Reversion ✓ | Daily | 6.9% | 0.57 | -37.4% | 78.8% | 118 | 0.8% |
| 2 | Connors RSI-2 ✓ | Daily | 6.6% | 0.55 | -34.1% | 65.2% | 339 | 0.6% |
| 3 | Bollinger Mean-Reversion ✓ | Daily | 5.9% | 0.49 | -38.2% | 69.2% | 143 | -0.1% |
| 4 | MA Envelope ✓ | Daily | 6.3% | 0.49 | -37.4% | 71.2% | 146 | 0.2% |
| 5 | VWAP Bands ✓ | Daily | 5.7% | 0.49 | -40.1% | 73.2% | 123 | -0.3% |
| 6 | Fibonacci Bands ✓ | Daily | 5.9% | 0.49 | -38.2% | 69.2% | 143 | -0.1% |
| 7 | Supertrend (7,3) ✓ | Weekly | 5.1% | 0.49 | -19.1% | 72.2% | 18 | -0.8% |
| 8 | SMC: Order Block ✓ | Weekly | 5.4% | 0.48 | -31.0% | 45.0% | 40 | -0.6% |
| 9 | EMA 9/26 Cross ✓ | Weekly | 5.3% | 0.47 | -35.9% | 54.5% | 22 | -0.6% |
| 10 | Demand Index ✓ | Daily | 6.5% | 0.46 | -46.6% | 61.7% | 394 | 0.5% |
| 11 | Relative Momentum Index ✓ | Weekly | 5.3% | 0.46 | -28.7% | 53.8% | 26 | -0.7% |
| 12 | TRIX (9) ✓ | Weekly | 5.1% | 0.46 | -29.4% | 48.3% | 29 | -0.9% |
| 13 | WMA 10/40 Cross ✓ | Weekly | 5.1% | 0.46 | -31.2% | 44.8% | 29 | -0.8% |
| 14 | EMA 8/21 Cross ✓ | Weekly | 5.0% | 0.45 | -33.8% | 41.4% | 29 | -1.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on United Kingdom (EWU)
2 of 675 tested setups beat buy-and-hold on United Kingdom (EWU) outright. Another 371 could get there with leverage they would survive — but 190 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| LSMA 10/30 Cross | 1 | none needed | 5.19× |
| Parabolic SAR (fast) | 1 | none needed | 5.63× |
| Zero-Lag MACD | — | 2.47× | 4.5× |
| MA Envelope | — | 1.28× | 2.92× |
| Sine-Weighted MA | — | 1.33× | 4.05× |
| SMA 5/20 Cross | — | 1.34× | 6.38× |
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 United Kingdom (EWU), Keltner Mean-Reversion 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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