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 over the full backtest, with costs, and checked out-of-sample.
Where First Solar (FSLR) 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.
McGinley 30 Trend
On the daily chart, this is the strongest risk-adjusted edge we found for First Solar (FSLR) over ~19.8 years — beating buy-and-hold by 12.0% CAGR.
First Solar (FSLR) 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 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 | 22.4% | 0.64 | -76.6% | 28.7% | 87 | 12.0% |
| 2 | Ehlers Relative Vigor ✓ | Weekly | 20.3% | 0.64 | -79.5% | 56.1% | 82 | 10.0% |
| 3 | Bollinger Squeeze ✓ | Daily | 14.9% | 0.62 | -52.1% | 41.3% | 63 | 4.5% |
| 4 | Twiggs Money Flow ✓ | Weekly | 18.7% | 0.61 | -76.3% | 50.0% | 58 | 8.5% |
| 5 | McGinley 10/30 Cross ✓ | Daily | 19.5% | 0.6 | -72.7% | 47.8% | 23 | 9.1% |
| 6 | VIDYA 10/30 Cross ✓ | Daily | 17.6% | 0.59 | -69.3% | 45.5% | 22 | 7.2% |
| 7 | Chande-Kroll Stop (fast) ✓ | Weekly | 18.9% | 0.59 | -90.6% | 40.3% | 67 | 8.6% |
| 8 | ROC (20) ✓ | Daily | 17.2% | 0.58 | -60.1% | 44.3% | 235 | 6.8% |
| 9 | Momentum (20) ✓ | Daily | 17.2% | 0.58 | -60.1% | 44.3% | 235 | 6.8% |
| 10 | Chande Momentum Osc. ✓ | Weekly | 17.8% | 0.58 | -77.2% | 44.6% | 65 | 7.5% |
| 11 | Instantaneous Trendline ✓ | Weekly | 17.0% | 0.58 | -71.0% | 43.9% | 41 | 6.8% |
| 12 | Ichimoku Cloud ✓ | Daily | 15.7% | 0.57 | -58.6% | 37.5% | 88 | 5.3% |
| 13 | Ulcer Index ✓ | Daily | 14.7% | 0.57 | -56.3% | 43.1% | 137 | 4.3% |
| 14 | KAMA 30 Trend ✓ | Daily | 16.4% | 0.57 | -62.8% | 38.3% | 193 | 6.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on First Solar (FSLR)
18 of 599 tested setups beat buy-and-hold on First Solar (FSLR) outright. Another 150 could get there with leverage they would survive — but 303 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Accumulation/Distribution | 1 | 1.89× | 2.33× |
| Detrended Price Osc. | 1 | none needed | 1.84× |
| Momentum | 1 | none needed | 1.85× |
| Percentage Price Osc. | 1 | none needed | 1.65× |
| Accelerator Oscillator | 1 | none needed | 2.09× |
| Twiggs Money Flow | 1 | none needed | 1.96× |
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 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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