The best indicator for Nucor (NUE)
We backtested 366 indicators across daily, weekly and hourly charts on real Nucor (NUE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Money Flow Index
On the daily chart, this is the strongest risk-adjusted edge we found for Nucor (NUE) over ~46.2 years — trailing buy-and-hold by 3.5% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Nucor (NUE) — trailing buy-and-hold by 11.6% 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 | Money Flow Index ✓ | Daily | 11.7% | 0.62 | -40.5% | 80.4% | 51 | -3.5% |
| 2 | Stoch RSI (fast) ✓ | Daily | 12.1% | 0.57 | -71.6% | 43.8% | 1216 | -3.2% |
| 3 | WaveTrend (8/6/4) ✓ | Daily | 11.2% | 0.54 | -65.3% | 72.3% | 188 | -4.0% |
| 4 | Chandelier Exit ✓ | Weekly | 11.5% | 0.53 | -57.0% | 50.6% | 89 | -3.7% |
| 5 | Chande Kroll Stop ✓ | Daily | 12.0% | 0.52 | -76.1% | 39.5% | 716 | -3.3% |
| 6 | Intraday Momentum Index ✓ | Daily | 10.4% | 0.52 | -64.6% | 77.1% | 140 | -4.9% |
| 7 | Price Volume Trend ✓ | Daily | 10.2% | 0.51 | -78.0% | 42.3% | 525 | -5.1% |
| 8 | Sine-Weighted MA ✓ | Daily | 9.8% | 0.51 | -62.1% | 39.4% | 642 | -5.4% |
| 9 | Demand Index ✓ | Weekly | 9.9% | 0.51 | -56.2% | 63.5% | 137 | -5.3% |
| 10 | Williams %R (21) ✓ | Weekly | 10.2% | 0.51 | -61.9% | 50.4% | 119 | -5.0% |
| 11 | Stochastic ✓ | Daily | 9.8% | 0.5 | -65.3% | 75.2% | 234 | -5.4% |
| 12 | ALMA 10/30 Cross ✓ | Daily | 9.6% | 0.5 | -66.6% | 43.3% | 496 | -5.6% |
| 13 | FRAMA 100 Trend ✓ | Daily | 9.4% | 0.5 | -83.6% | 42.5% | 951 | -5.9% |
| 14 | Stochastic (20,5) ✓ | Daily | 9.8% | 0.5 | -61.4% | 43.8% | 843 | -5.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Nucor (NUE), Money Flow Index 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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