The best indicator for Brazil (EWZ)
We backtested 382 indicators across daily, weekly and hourly charts on real Brazil (EWZ) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Brazil (EWZ) 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.
Hull MA 100 Trend
On the daily chart, this is the strongest risk-adjusted edge we found for Brazil (EWZ) over ~26.2 years — beating buy-and-hold by 5.8% CAGR.
Brazil (EWZ) 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 Brazil (EWZ) — beating buy-and-hold by 1.1% 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 | Hull MA 100 Trend ✓ | Daily | 12.3% | 0.69 | -33.9% | 48.1% | 185 | 5.8% |
| 2 | Jurik MA (approx.) ✓ | Weekly | 12.4% | 0.67 | -45.0% | 56.8% | 118 | 5.9% |
| 3 | True Strength Index ✓ | Weekly | 11.8% | 0.63 | -37.9% | 52.1% | 48 | 5.3% |
| 4 | T3 10/40 Cross ✓ | Daily | 12.5% | 0.62 | -41.1% | 52.7% | 74 | 6.0% |
| 5 | Balance of Power ✓ | Weekly | 12.4% | 0.62 | -50.2% | 50.0% | 58 | 5.9% |
| 6 | Arnaud Legoux MA ✓ | Weekly | 12.1% | 0.62 | -42.1% | 55.6% | 117 | 5.6% |
| 7 | Fractal Adaptive MA ✓ | Weekly | 10.8% | 0.62 | -32.4% | 52.3% | 151 | 4.3% |
| 8 | Delta Volume (CVD proxy) ✓ | Weekly | 12.9% | 0.62 | -51.0% | 45.2% | 62 | 6.4% |
| 9 | Gann HiLo Activator ✓ | Weekly | 12.1% | 0.61 | -57.1% | 54.4% | 90 | 5.6% |
| 10 | DEMA 10/30 Cross ✓ | Weekly | 11.3% | 0.6 | -54.3% | 52.6% | 38 | 4.8% |
| 11 | SMC: Fair Value Gap ✓ | Weekly | 11.8% | 0.6 | -51.6% | 58.3% | 60 | 5.3% |
| 12 | T3 (Tillson) ✓ | Weekly | 11.1% | 0.59 | -51.2% | 51.1% | 88 | 4.6% |
| 13 | Vortex (7) ✓ | Weekly | 11.3% | 0.59 | -36.6% | 60.2% | 88 | 4.8% |
| 14 | Perfect Trend Line ✓ | Weekly | 11.5% | 0.59 | -53.0% | 54.5% | 145 | 5.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Brazil (EWZ)
106 of 683 tested setups beat buy-and-hold on Brazil (EWZ) outright. Another 175 could get there with leverage they would survive — but 130 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Volume Oscillator | 2 | none needed | 5.32× |
| Zero-Lag MACD | 2 | none needed | 2.4× |
| Hull MA Trend | 1 | 1.06× | 2.89× |
| Vortex | 1 | 1.14× | 2.7× |
| Premier Stochastic | 1 | 1.26× | 3.1× |
| Vortex (7) | 1 | 1.27× | 2.39× |
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 Brazil (EWZ), Hull MA 100 Trend 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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