The best indicator for Newmont (NEM)
We backtested 382 indicators across daily, weekly and hourly charts on real Newmont (NEM) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the weekly chart, this is the strongest risk-adjusted edge we found for Newmont (NEM) over ~46.4 years — beating buy-and-hold by 2.2% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Newmont (NEM) — trailing buy-and-hold by 4.2% 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 | WaveTrend (8/6/4) ✓ | Weekly | 8.5% | 0.44 | -51.6% | 78.0% | 41 | 2.2% |
| 2 | Williams %R ✓ | Weekly | 7.1% | 0.42 | -61.8% | 75.4% | 69 | 0.8% |
| 3 | Intraday Momentum Index ✓ | Weekly | 7.4% | 0.42 | -62.6% | 76.7% | 30 | 1.1% |
| 4 | Zero-Lag MACD ✓ | Weekly | 7.7% | 0.41 | -63.0% | 47.2% | 195 | 1.5% |
| 5 | Zero-Lag MACD ✓ | Weekly | 7.7% | 0.41 | -63.0% | 47.2% | 195 | 1.5% |
| 6 | Chande-Kroll Stop (fast) ✓ | Weekly | 8.1% | 0.4 | -62.9% | 40.9% | 164 | 1.8% |
| 7 | Money Flow Index ✓ | Daily | 7.0% | 0.39 | -56.4% | 75.9% | 54 | 0.7% |
| 8 | Ultimate Oscillator ✓ | Daily | 7.4% | 0.39 | -69.5% | 79.6% | 49 | 1.0% |
| 9 | CCI ✓ | Weekly | 6.5% | 0.39 | -59.9% | 74.5% | 51 | 0.3% |
| 10 | Stochastic ✓ | Weekly | 6.7% | 0.38 | -59.1% | 74.0% | 50 | 0.5% |
| 11 | SMC: Liquidity Sweep ✓ | Weekly | 7.0% | 0.38 | -65.0% | 73.0% | 37 | 0.7% |
| 12 | Order-Flow Reversion ✓ | Weekly | 4.7% | 0.37 | -47.1% | 81.1% | 37 | -1.5% |
| 13 | Bollinger Mean-Reversion ✓ | Weekly | 4.9% | 0.36 | -47.1% | 84.6% | 39 | -1.4% |
| 14 | Stochastic Momentum Index ✓ | Weekly | 5.6% | 0.36 | -59.3% | 72.9% | 48 | -0.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Newmont (NEM), WaveTrend (8/6/4) 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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