The best indicator for GHO (GHO)
We backtested 366 indicators across daily, weekly and hourly charts on real GHO (GHO) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Murrey Math Lines
On the daily chart, this is the strongest risk-adjusted edge we found for GHO (GHO) over ~4.2 years — beating buy-and-hold by 0.3% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for GHO (GHO) — trailing buy-and-hold by 0.2% 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 | VWAP Bands | Daily | 0.3% | 0.4 | -1.0% | 46.2% | 13 | 0.2% |
| 2 | Murrey Math Lines ✓ | Daily | 0.4% | 0.55 | -0.8% | 33.3% | 9 | 0.3% |
| 3 | Nadaraya-Watson Envelope ✓ | Daily | 0.3% | 0.38 | -0.7% | 25.0% | 8 | 0.1% |
| 4 | Ehlers Relative Vigor | Weekly | 0.4% | 0.26 | -2.3% | 6.7% | 15 | 0.2% |
| 5 | Bollinger Mean-Reversion ✓ | Daily | 0.2% | 0.13 | -1.4% | 16.7% | 24 | 0.0% |
| 6 | Fibonacci Bands ✓ | Daily | 0.2% | 0.13 | -1.4% | 16.7% | 24 | 0.0% |
| 7 | Balance of Power | Weekly | 0.4% | 0.28 | -2.0% | 11.1% | 9 | 0.2% |
| 8 | Bollinger 30 (x2.0) Break | Daily | 0.1% | 0.14 | -1.9% | 16.7% | 12 | -0.0% |
| 9 | Order-Flow Reversion | Daily | 0.1% | 0.1 | -1.3% | 21.4% | 14 | -0.0% |
| 10 | DeMarker | Daily | 0.1% | 0.08 | -2.4% | 38.5% | 13 | 0.0% |
| 11 | Trend Intensity Index | Daily | 0.0% | 0.05 | -2.6% | 12.5% | 8 | -0.1% |
| 12 | Net Volume | Weekly | 0.1% | 0.04 | -3.8% | 14.3% | 14 | -0.1% |
| 13 | Liquidity Flow Oscillator | Weekly | 0.1% | 0.04 | -3.8% | 14.3% | 14 | -0.1% |
| 14 | Fisher Transform | Weekly | 0.0% | 0.03 | -2.1% | 12.5% | 16 | -0.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For GHO (GHO), Murrey Math Lines 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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