The best indicator for Microchip Technology (MCHP)
We backtested 366 indicators across daily, weekly and hourly charts on real Microchip Technology (MCHP) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Connors RSI-2
On the daily chart, this is the strongest risk-adjusted edge we found for Microchip Technology (MCHP) over ~33.2 years — trailing buy-and-hold by 3.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Microchip Technology (MCHP) — trailing buy-and-hold by 11.0% 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 | Connors RSI-2 ✓ | Daily | 16.8% | 0.72 | -46.8% | 63.0% | 386 | -3.8% |
| 2 | Projection Bands ✓ | Daily | 19.0% | 0.72 | -54.6% | 67.5% | 311 | -1.6% |
| 3 | Bollinger Mean-Reversion ✓ | Daily | 16.7% | 0.71 | -41.4% | 69.7% | 155 | -3.9% |
| 4 | Connors RSI ✓ | Daily | 17.6% | 0.71 | -60.1% | 63.1% | 388 | -3.0% |
| 5 | Fibonacci Bands ✓ | Daily | 16.7% | 0.71 | -41.4% | 69.7% | 155 | -3.9% |
| 6 | Fibonacci Pivots ✓ | Weekly | 16.9% | 0.7 | -54.7% | 57.8% | 268 | -3.6% |
| 7 | Order-Flow Reversion ✓ | Daily | 15.1% | 0.68 | -41.4% | 69.6% | 138 | -5.5% |
| 8 | Intraday Momentum Index ✓ | Daily | 19.6% | 0.67 | -57.9% | 77.1% | 96 | -1.0% |
| 9 | Pivot Points (Standard) ✓ | Weekly | 14.9% | 0.67 | -56.4% | 59.0% | 239 | -5.6% |
| 10 | VWAP Bands ✓ | Daily | 14.8% | 0.66 | -41.4% | 70.9% | 141 | -5.8% |
| 11 | Fibonacci Pivots ✓ | Daily | 16.6% | 0.65 | -48.6% | 53.9% | 1347 | -4.0% |
| 12 | MA Envelope ✓ | Daily | 15.2% | 0.6 | -58.4% | 63.6% | 280 | -5.4% |
| 13 | Pivot Points (Standard) ✓ | Daily | 14.3% | 0.6 | -47.4% | 54.2% | 1227 | -6.4% |
| 14 | Williams %R ✓ | Daily | 15.2% | 0.59 | -65.2% | 73.7% | 228 | -5.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Microchip Technology (MCHP), Connors RSI-2 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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