The best indicator for Intercontinental Exchange (ICE)
We backtested 366 indicators across daily, weekly and hourly charts on real Intercontinental Exchange (ICE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Intraday Momentum Index
On the daily chart, this is the strongest risk-adjusted edge we found for Intercontinental Exchange (ICE) over ~20.5 years — trailing buy-and-hold by 0.4% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Intercontinental Exchange (ICE) — trailing buy-and-hold by 10.3% 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 | Intraday Momentum Index ✓ | Daily | 15.6% | 0.78 | -43.5% | 85.3% | 68 | -0.4% |
| 2 | VWAP Bands | Daily | 12.2% | 0.63 | -33.2% | 69.4% | 85 | -3.8% |
| 3 | Williams %R ✓ | Weekly | 10.8% | 0.6 | -43.2% | 88.9% | 27 | -5.8% |
| 4 | Bullish Engulfing ✓ | Weekly | 9.2% | 0.6 | -52.0% | 54.2% | 48 | -7.4% |
| 5 | Projection Bands ✓ | Weekly | 10.3% | 0.58 | -37.8% | 73.3% | 30 | -6.3% |
| 6 | Elastic VW MA ✓ | Weekly | 11.4% | 0.56 | -41.1% | 48.9% | 45 | -5.2% |
| 7 | ROC (30) ✓ | Weekly | 10.6% | 0.56 | -40.7% | 61.9% | 42 | -6.0% |
| 8 | CMO (30) ✓ | Weekly | 10.6% | 0.56 | -40.7% | 61.9% | 42 | -6.0% |
| 9 | Momentum (30) ✓ | Weekly | 10.6% | 0.56 | -40.7% | 61.9% | 42 | -6.0% |
| 10 | Murrey Math Lines ✓ | Daily | 11.4% | 0.54 | -52.2% | 83.9% | 56 | -4.7% |
| 11 | Smoothed MA (Wilder) ✓ | Weekly | 10.8% | 0.54 | -49.0% | 46.7% | 45 | -5.8% |
| 12 | G-Channel ✓ | Weekly | 10.9% | 0.54 | -63.1% | 39.3% | 28 | -5.7% |
| 13 | Ehlers Reflex ✓ | Daily | 10.7% | 0.53 | -79.3% | 50.6% | 168 | -5.4% |
| 14 | Stochastic ✓ | Weekly | 9.2% | 0.53 | -45.1% | 94.7% | 19 | -7.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Intercontinental Exchange (ICE), Intraday Momentum Index on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — 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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