The best indicator for GHO (GHO)
We backtested 382 indicators across daily, weekly and hourly charts on real GHO (GHO) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where GHO (GHO) 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.
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.
GHO (GHO) 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 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 | Delta Volume (CVD proxy) | Weekly | 0.4% | 0.3 | -1.8% | 22.2% | 9 | 0.2% |
| 8 | Balance of Power | Weekly | 0.4% | 0.28 | -2.0% | 11.1% | 9 | 0.2% |
| 9 | Bollinger 30 (x2.0) Break | Daily | 0.1% | 0.14 | -1.9% | 16.7% | 12 | -0.0% |
| 10 | Order-Flow Reversion | Daily | 0.1% | 0.1 | -1.3% | 21.4% | 14 | -0.0% |
| 11 | DeMarker | Daily | 0.1% | 0.08 | -2.4% | 38.5% | 13 | 0.0% |
| 12 | Trend Intensity Index | Daily | 0.0% | 0.05 | -2.6% | 12.5% | 8 | -0.1% |
| 13 | Net Volume | Weekly | 0.1% | 0.04 | -3.8% | 14.3% | 14 | -0.1% |
| 14 | Liquidity Flow Oscillator | Weekly | 0.1% | 0.04 | -3.8% | 14.3% | 14 | -0.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
Nothing here does — at any leverage you could survive. Across 277 out-of-sample backtests on GHO (GHO), every setup that trails buy-and-hold needs more leverage to catch it than its own worst drawdown would survive; 0 would be liquidated on the way, and 277 lost money outright, which no leverage repairs. On this asset, holding it beat trading it. How we compute that
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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