The best indicator for Hang Seng
We backtested 366 indicators across daily, weekly and hourly charts on real Hang Seng history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Williams %R (7)
On the daily chart, this is the strongest risk-adjusted edge we found for Hang Seng over ~38.6 years — beating buy-and-hold by 4.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Hang Seng — beating buy-and-hold by 0.7% 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 | Williams %R (7) ✓ | Daily | 10.9% | 0.72 | -50.5% | 41.9% | 837 | 4.8% |
| 2 | MBFX Timing ✓ | Daily | 10.9% | 0.72 | -50.5% | 41.9% | 837 | 4.8% |
| 3 | Arnaud Legoux MA | Daily | 10.2% | 0.7 | -47.7% | 40.4% | 802 | 4.2% |
| 4 | Acceleration Bands ✓ | Daily | 7.6% | 0.69 | -25.2% | 41.4% | 435 | 1.5% |
| 5 | DEMA 30 Trend ✓ | Daily | 9.1% | 0.68 | -42.7% | 39.6% | 614 | 3.0% |
| 6 | T3 (Tillson) | Daily | 9.7% | 0.67 | -45.2% | 39.3% | 649 | 3.6% |
| 7 | Ehlers SuperSmoother ✓ | Daily | 10.0% | 0.67 | -40.9% | 43.5% | 1229 | 3.9% |
| 8 | EMA-10 Trend | Daily | 9.2% | 0.64 | -67.4% | 39.1% | 805 | 3.1% |
| 9 | Disparity (10) | Daily | 9.2% | 0.64 | -67.4% | 39.1% | 805 | 3.1% |
| 10 | Perfect Trend Line ✓ | Daily | 9.5% | 0.64 | -43.6% | 41.9% | 1064 | 3.5% |
| 11 | Gaussian Channel | Daily | 8.9% | 0.63 | -48.5% | 38.9% | 678 | 2.8% |
| 12 | Impulse MACD | Daily | 6.4% | 0.63 | -45.5% | 42.2% | 557 | 0.3% |
| 13 | Disparity (5) | Daily | 9.1% | 0.63 | -52.4% | 42.7% | 1099 | 3.0% |
| 14 | CCI (14) | Daily | 9.0% | 0.63 | -59.0% | 39.8% | 535 | 2.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Hang Seng, Williams %R (7) 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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