The best indicator for NZD/JPY
We backtested 382 indicators across daily, weekly and hourly charts on real NZD/JPY history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Fisher Transform
On the daily chart, this is the strongest risk-adjusted edge we found for NZD/JPY over ~23.2 years — beating buy-and-hold by 10.1% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for NZD/JPY — beating buy-and-hold by 9.6% 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 | Fisher Transform ✓ | Daily | 11.3% | 1.17 | -37.5% | 36.7% | 569 | 10.1% |
| 2 | Parabolic SAR (fast) ✓ | Daily | 10.2% | 1.08 | -37.9% | 39.7% | 423 | 9.0% |
| 3 | Woodies CCI ✓ | Daily | 6.9% | 0.87 | -23.8% | 36.6% | 495 | 5.7% |
| 4 | DMI Direction ✓ | Daily | 6.6% | 0.81 | -29.5% | 32.7% | 294 | 5.3% |
| 5 | DeMarker (7) ✓ | Daily | 6.9% | 0.78 | -37.7% | 37.0% | 449 | 5.7% |
| 6 | Parabolic SAR ✓ | Daily | 6.6% | 0.71 | -40.4% | 38.7% | 269 | 5.4% |
| 7 | Impulse MACD ✓ | Daily | 3.8% | 0.64 | -15.4% | 35.4% | 339 | 2.5% |
| 8 | DeMarker (14) ✓ | Daily | 5.3% | 0.64 | -32.1% | 36.3% | 311 | 4.0% |
| 9 | Vortex (7) ✓ | Daily | 5.5% | 0.62 | -36.2% | 38.9% | 422 | 4.3% |
| 10 | DeMarker (21) ✓ | Daily | 4.8% | 0.6 | -19.0% | 36.8% | 261 | 3.6% |
| 11 | CCI (14) ✓ | Daily | 5.2% | 0.59 | -32.0% | 33.4% | 362 | 4.0% |
| 12 | Vortex ✓ | Daily | 5.0% | 0.58 | -37.3% | 35.4% | 302 | 3.8% |
| 13 | Random Walk Index ✓ | Daily | 4.6% | 0.53 | -37.2% | 35.5% | 304 | 3.4% |
| 14 | Random Walk Index ✓ | Daily | 4.6% | 0.53 | -37.2% | 35.5% | 304 | 3.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For NZD/JPY, Fisher Transform 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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