The best indicator for First Solar (FSLR)
We backtested 382 indicators across daily, weekly and hourly charts on real First Solar (FSLR) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
McGinley 30 Trend
On the daily chart, this is the strongest risk-adjusted edge we found for First Solar (FSLR) over ~19.5 years — beating buy-and-hold by 11.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for First Solar (FSLR) — trailing buy-and-hold by 7.2% 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 | McGinley 30 Trend ✓ | Daily | 25.0% | 0.68 | -76.6% | 29.4% | 85 | 11.8% |
| 2 | Ehlers Relative Vigor ✓ | Weekly | 22.2% | 0.67 | -79.5% | 56.8% | 81 | 9.0% |
| 3 | McGinley 10/30 Cross ✓ | Daily | 22.6% | 0.65 | -72.7% | 54.5% | 22 | 9.4% |
| 4 | Bollinger Squeeze ✓ | Daily | 15.5% | 0.63 | -52.1% | 41.3% | 63 | 2.3% |
| 5 | VIDYA 10/30 Cross ✓ | Daily | 19.6% | 0.63 | -69.3% | 50.0% | 22 | 6.4% |
| 6 | Twiggs Money Flow ✓ | Weekly | 20.0% | 0.63 | -76.3% | 51.7% | 58 | 6.8% |
| 7 | ROC (20) ✓ | Daily | 19.2% | 0.62 | -60.1% | 44.4% | 234 | 6.0% |
| 8 | Momentum (20) ✓ | Daily | 19.2% | 0.62 | -60.1% | 44.4% | 234 | 6.0% |
| 9 | Chande Momentum Osc. ✓ | Weekly | 19.7% | 0.62 | -77.2% | 46.2% | 65 | 6.6% |
| 10 | Instantaneous Trendline ✓ | Weekly | 18.9% | 0.62 | -71.0% | 47.5% | 40 | 5.7% |
| 11 | Chande-Kroll Stop (fast) ✓ | Weekly | 21.0% | 0.62 | -90.6% | 41.5% | 65 | 7.9% |
| 12 | SMC: Order Block ✓ | Daily | 19.2% | 0.62 | -78.2% | 36.8% | 136 | 6.0% |
| 13 | Ichimoku Cloud ✓ | Daily | 17.3% | 0.61 | -58.6% | 38.6% | 88 | 4.1% |
| 14 | ADXR ✓ | Weekly | 18.5% | 0.61 | -60.2% | 65.4% | 26 | 5.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For First Solar (FSLR), McGinley 30 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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