The best indicator for MercadoLibre
We backtested 382 indicators across daily, weekly and hourly charts on real MercadoLibre history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where MercadoLibre stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
QQE
On the weekly chart, this is the strongest risk-adjusted edge we found for MercadoLibre over ~19.0 years — beating buy-and-hold by 4.8% CAGR.
MercadoLibre on the weekly chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
Chart by TradingView. Loading it contacts tradingview.com, which may set its own cookies — see our privacy policy.
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 | QQE ✓ | Weekly | 28.8% | 0.78 | -64.4% | 54.7% | 53 | 4.8% |
| 2 | ZLEMA 200 Trend ✓ | Daily | 19.3% | 0.74 | -42.7% | 39.3% | 112 | -4.8% |
| 3 | TRIMA 200 Trend ✓ | Daily | 18.1% | 0.68 | -49.1% | 52.1% | 48 | -6.1% |
| 4 | Zero-Lag EMA Cross ✓ | Weekly | 19.4% | 0.67 | -47.0% | 56.1% | 41 | -4.5% |
| 5 | ZLEMA 10/30 Cross ✓ | Weekly | 19.4% | 0.67 | -47.0% | 56.1% | 41 | -4.5% |
| 6 | LSMA 200 Trend ✓ | Daily | 16.4% | 0.66 | -39.8% | 44.6% | 101 | -7.7% |
| 7 | Balance of Power ✓ | Weekly | 20.1% | 0.65 | -58.5% | 53.2% | 47 | -3.8% |
| 8 | SSL Channel ✓ | Weekly | 20.0% | 0.65 | -55.0% | 46.2% | 39 | -4.0% |
| 9 | Net Volume ✓ | Daily | 19.1% | 0.64 | -58.4% | 49.6% | 232 | -5.0% |
| 10 | EMA 10/40 Cross ✓ | Daily | 18.6% | 0.64 | -63.4% | 46.7% | 60 | -5.5% |
| 11 | T3 10/40 Cross ✓ | Daily | 17.9% | 0.64 | -45.3% | 54.7% | 53 | -6.2% |
| 12 | Liquidity Flow Oscillator ✓ | Daily | 19.1% | 0.64 | -58.4% | 49.6% | 232 | -5.0% |
| 13 | Relative Vigor Index ✓ | Weekly | 18.7% | 0.64 | -65.4% | 63.2% | 68 | -5.3% |
| 14 | WMA 20/50 Cross ✓ | Daily | 18.1% | 0.63 | -54.4% | 55.4% | 56 | -6.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on MercadoLibre
66 of 598 tested setups beat buy-and-hold on MercadoLibre outright. Another 39 could get there with leverage they would survive — but 34 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Connors RSI-2 | 2 | none needed | 2.33× |
| Connors RSI | 2 | none needed | 2.28× |
| MA Envelope | 2 | none needed | 1.74× |
| HMA 9/21 Cross | 2 | none needed | 1.96× |
| Lorentzian Classification | 2 | none needed | 2.01× |
| Impulse MACD | 1 | 1.03× | 3.31× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For MercadoLibre, QQE 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.
More stock
Get alerted when MercadoLibre’s signal flips
We track MercadoLibre daily. Its backtested best indicator, QQE (Weekly), is long right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.