The best indicator for Orange Juice (OJ)
We backtested 382 indicators across daily, weekly and hourly charts on real Orange Juice (OJ) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the daily chart, this is the strongest risk-adjusted edge we found for Orange Juice (OJ) over ~24.6 years — beating buy-and-hold by 12.2% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Orange Juice (OJ) — beating buy-and-hold by 1.4% 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 | WaveTrend (8/6/4) ✓ | Daily | 15.1% | 0.68 | -57.9% | 76.0% | 104 | 12.2% |
| 2 | Accumulation Swing Index ✓ | Daily | 15.4% | 0.68 | -50.9% | 43.5% | 1329 | 12.5% |
| 3 | Swing Index ✓ | Daily | 15.4% | 0.68 | -50.9% | 43.5% | 1329 | 12.5% |
| 4 | CCI ✓ | Daily | 13.3% | 0.67 | -57.3% | 69.8% | 129 | 10.4% |
| 5 | Woodie Pivots ✓ | Daily | 13.6% | 0.62 | -51.5% | 43.1% | 1309 | 10.7% |
| 6 | Stochastic ✓ | Daily | 12.3% | 0.59 | -62.9% | 73.5% | 132 | 9.5% |
| 7 | Zero-Lag LSMA ✓ | Daily | 12.2% | 0.57 | -48.3% | 49.0% | 390 | 9.3% |
| 8 | Stochastic (10,3) ✓ | Daily | 11.9% | 0.56 | -54.9% | 42.1% | 739 | 9.0% |
| 9 | Ehlers SuperSmoother ✓ | Daily | 11.7% | 0.55 | -55.0% | 40.0% | 817 | 8.8% |
| 10 | Stoch RSI (fast) ✓ | Daily | 11.7% | 0.55 | -59.8% | 41.6% | 645 | 8.9% |
| 11 | Stochastic Momentum Index ✓ | Daily | 9.4% | 0.52 | -59.8% | 74.2% | 124 | 6.5% |
| 12 | Williams %R ✓ | Daily | 9.5% | 0.51 | -59.7% | 70.8% | 171 | 6.7% |
| 13 | Chande Forecast Osc. ✓ | Daily | 10.6% | 0.51 | -62.3% | 45.5% | 684 | 7.7% |
| 14 | DeMarker ✓ | Daily | 8.1% | 0.45 | -57.3% | 75.6% | 86 | 5.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Orange Juice (OJ), WaveTrend (8/6/4) 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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