The best indicator for Heating Oil (HO)
We backtested 382 indicators across daily, weekly and hourly charts on real Heating Oil (HO) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Hammer
On the weekly chart, this is the strongest risk-adjusted edge we found for Heating Oil (HO) over ~25.9 years — beating buy-and-hold by 1.3% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Heating Oil (HO) — beating buy-and-hold by 0.3% 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 | Hammer ✓ | Weekly | 6.5% | 0.55 | -19.4% | 84.0% | 25 | 1.3% |
| 2 | Ehlers Relative Vigor ✓ | Weekly | 8.8% | 0.45 | -45.7% | 47.7% | 109 | 3.7% |
| 3 | SMC: Order Block ✓ | Weekly | 8.8% | 0.44 | -53.7% | 36.4% | 44 | 3.7% |
| 4 | McGinley Dynamic ✓ | Weekly | 9.2% | 0.43 | -67.3% | 43.1% | 58 | 4.1% |
| 5 | Klinger Oscillator ✓ | Weekly | 8.0% | 0.43 | -40.7% | 48.1% | 131 | 2.9% |
| 6 | Trend Regularity Adaptive MA ✓ | Daily | 8.0% | 0.42 | -58.0% | 39.5% | 177 | 2.8% |
| 7 | Chaikin Money Flow ✓ | Weekly | 8.2% | 0.42 | -62.1% | 45.8% | 48 | 3.0% |
| 8 | TRIMA 200 Trend ✓ | Daily | 7.5% | 0.41 | -58.4% | 36.5% | 63 | 2.3% |
| 9 | FRAMA 30 Trend ✓ | Weekly | 7.5% | 0.41 | -62.5% | 46.2% | 132 | 2.4% |
| 10 | Piercing Line ✓ | Weekly | 3.7% | 0.4 | -25.2% | 57.9% | 19 | -1.5% |
| 11 | Donchian 100 Break ✓ | Daily | 9.1% | 0.46 | -68.9% | 61.5% | 13 | 3.9% |
| 12 | SMA 50/200 Cross ✓ | Daily | 7.2% | 0.39 | -62.3% | 52.6% | 19 | 2.0% |
| 13 | DEMA 20/50 Cross ✓ | Daily | 7.2% | 0.39 | -62.9% | 41.6% | 101 | 2.0% |
| 14 | Accumulation/Distribution ✓ | Weekly | 7.3% | 0.39 | -64.4% | 39.4% | 66 | 2.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Heating Oil (HO), Hammer on the weekly 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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