The best indicator for Nucor (NUE)
We backtested 382 indicators across daily, weekly and hourly charts on real Nucor (NUE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where Nucor (NUE) 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.
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.
Nucor (NUE) 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 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 | Sine-Weighted MA ✓ | Daily | 9.8% | 0.51 | -62.1% | 39.4% | 642 | -5.4% |
| 12 | Stochastic ✓ | Daily | 9.8% | 0.5 | -65.3% | 75.2% | 234 | -5.4% |
| 13 | ALMA 10/30 Cross ✓ | Daily | 9.6% | 0.5 | -66.6% | 43.3% | 496 | -5.6% |
| 14 | FRAMA 100 Trend ✓ | Daily | 9.4% | 0.5 | -83.6% | 42.5% | 951 | -5.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Nucor (NUE)
8 of 711 tested setups beat buy-and-hold on Nucor (NUE) outright. Another 274 could get there with leverage they would survive — but 380 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Zero-Lag MACD | 2 | none needed | 2.18× |
| Donchian Midline | 1 | none needed | 2.12× |
| Know Sure Thing | 1 | none needed | 2.34× |
| Instantaneous Trendline | 1 | none needed | 2.28× |
| Premier Stochastic | 1 | none needed | 2.48× |
| ALMA 10/30 Cross | 1 | none needed | 2.5× |
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 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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