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.
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.
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.
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.
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