The best indicator for Euro Stoxx 50
We backtested 366 indicators across daily, weekly and hourly charts on real Euro Stoxx 50 history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Ultimate Oscillator
On the daily chart, this is the strongest risk-adjusted edge we found for Euro Stoxx 50 over ~19.1 years — beating buy-and-hold by 4.0% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Euro Stoxx 50 — beating buy-and-hold by 0.1% 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 | Ultimate Oscillator ✓ | Daily | 6.0% | 0.53 | -23.6% | 86.4% | 22 | 4.0% |
| 2 | Order-Flow Reversion ✓ | Daily | 4.7% | 0.51 | -33.3% | 76.5% | 68 | 2.7% |
| 3 | Connors RSI ✓ | Daily | 6.4% | 0.5 | -35.5% | 65.7% | 236 | 4.4% |
| 4 | VWAP Bands ✓ | Daily | 4.3% | 0.48 | -33.3% | 80.0% | 65 | 2.3% |
| 5 | Waddah Attar Explosion ✓ | Weekly | 2.2% | 0.43 | -19.8% | 52.5% | 40 | 0.3% |
| 6 | Demand Index ✓ | Weekly | 4.6% | 0.43 | -23.9% | 72.7% | 44 | 2.6% |
| 7 | Connors RSI-2 ✓ | Daily | 4.8% | 0.41 | -34.0% | 59.3% | 226 | 2.9% |
| 8 | Connors RSI-2 ✓ | Weekly | 4.5% | 0.39 | -23.7% | 66.7% | 48 | 2.5% |
| 9 | Standard Error Bands ✓ | Daily | 1.2% | 0.38 | -11.8% | 66.7% | 33 | -0.8% |
| 10 | Intraday Momentum Index ✓ | Daily | 4.6% | 0.37 | -46.0% | 75.4% | 57 | 2.7% |
| 11 | Know Sure Thing ✓ | Weekly | 3.8% | 0.37 | -32.9% | 58.3% | 24 | 1.9% |
| 12 | Bollinger Mean-Reversion ✓ | Daily | 4.0% | 0.34 | -33.3% | 70.8% | 106 | 2.0% |
| 13 | Demand Index ✓ | Daily | 3.6% | 0.34 | -37.3% | 61.9% | 181 | 1.6% |
| 14 | Fibonacci Bands ✓ | Daily | 4.0% | 0.34 | -33.3% | 70.8% | 106 | 2.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Euro Stoxx 50, Ultimate Oscillator 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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