The best indicator for NEXO (NEXO)
We backtested 382 indicators across daily, weekly and hourly charts on real NEXO (NEXO) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where NEXO (NEXO) 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.
STARC Bands
On the daily chart, this is the strongest risk-adjusted edge we found for NEXO (NEXO) over ~12.2 years — beating buy-and-hold by 18.5% CAGR.
NEXO (NEXO) on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for NEXO (NEXO) — beating buy-and-hold by 20.4% 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 | Fisher Center-of-Gravity | Weekly | 54.4% | 1.14 | -34.1% | 59.5% | 37 | 38.2% |
| 2 | Center of Gravity | Weekly | 68.6% | 1.08 | -56.6% | 47.9% | 48 | 52.4% |
| 3 | Fisher Transform | Weekly | 69.8% | 1.05 | -52.8% | 55.6% | 36 | 53.6% |
| 4 | Parabolic SAR (fast) | Weekly | 64.9% | 1.02 | -48.5% | 61.5% | 26 | 48.7% |
| 5 | Rainbow MA | Weekly | 65.3% | 1.02 | -54.9% | 47.6% | 42 | 49.1% |
| 6 | Disparity (5) | Weekly | 60.8% | 0.98 | -56.1% | 47.1% | 51 | 44.6% |
| 7 | Donchian Breakout | Daily | 41.3% | 0.97 | -72.8% | 47.1% | 34 | 28.0% |
| 8 | QQE | Weekly | 59.6% | 0.97 | -77.8% | 57.9% | 19 | 43.4% |
| 9 | Chande Forecast Osc. | Weekly | 58.3% | 0.97 | -54.4% | 51.2% | 43 | 42.2% |
| 10 | Jurik MA (approx.) | Weekly | 55.3% | 0.97 | -56.7% | 37.5% | 32 | 39.2% |
| 11 | ROC (5) | Weekly | 57.2% | 0.96 | -67.8% | 37.2% | 43 | 41.0% |
| 12 | STARC Bands ✓ | Daily | 31.8% | 0.94 | -43.3% | 56.7% | 30 | 18.5% |
| 13 | HMA 9/21 Cross ✓ | Weekly | 47.8% | 0.94 | -61.2% | 38.5% | 26 | 31.6% |
| 14 | Demand Index | Weekly | 44.7% | 0.94 | -58.5% | 81.5% | 27 | 28.5% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
The question doesn't apply here. Buy-and-hold on NEXO (NEXO) lost money across the out-of-sample window in 417 of 417 tests, so there is no positive benchmark to lever toward — clearing a negative bar is a much weaker claim than beating a real one, and we keep the two apart rather than counting it as a win. How we compute that
For NEXO (NEXO), STARC Bands 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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