The best indicator for Okta
We backtested 382 indicators across daily, weekly and hourly charts on real Okta history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Okta 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.
Intraday Momentum Index
On the daily chart, this is the strongest risk-adjusted edge we found for Okta over ~9.5 years — beating buy-and-hold by 3.5% CAGR.
Okta 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.
Chart by TradingView. Loading it contacts tradingview.com, which may set its own cookies — see our privacy policy.
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 | Intraday Momentum Index ✓ | Daily | 29.3% | 0.9 | -37.5% | 83.3% | 30 | 3.5% |
| 2 | ROC (30) ✓ | Weekly | 31.4% | 0.87 | -40.0% | 47.4% | 19 | 5.6% |
| 3 | CMO (30) ✓ | Weekly | 31.4% | 0.87 | -40.0% | 47.4% | 19 | 5.6% |
| 4 | Momentum (30) ✓ | Weekly | 31.4% | 0.87 | -40.0% | 47.4% | 19 | 5.6% |
| 5 | Detrended Price Osc. ✓ | Daily | 30.9% | 0.86 | -75.5% | 55.5% | 247 | 5.2% |
| 6 | Volume Oscillator ✓ | Weekly | 22.0% | 0.85 | -36.0% | 64.0% | 25 | -3.7% |
| 7 | J_TPO ✓ | Weekly | 26.2% | 0.84 | -54.5% | 48.0% | 25 | 0.4% |
| 8 | Ehlers Cyber Cycle ✓ | Daily | 28.1% | 0.83 | -50.4% | 50.6% | 239 | 2.3% |
| 9 | DeMarker ✓ | Daily | 25.8% | 0.82 | -67.2% | 78.4% | 37 | 0.1% |
| 10 | RSI (30) ✓ | Weekly | 28.1% | 0.81 | -52.8% | 62.5% | 16 | 2.3% |
| 11 | QQE ✓ | Daily | 31.2% | 0.78 | -77.4% | 42.6% | 141 | 5.5% |
| 12 | Accumulation/Distribution ✓ | Weekly | 26.6% | 0.77 | -54.7% | 48.0% | 25 | 0.8% |
| 13 | Elder Bull Power ✓ | Weekly | 24.3% | 0.77 | -55.9% | 40.0% | 30 | -1.4% |
| 14 | Chaikin Oscillator ✓ | Weekly | 25.1% | 0.76 | -62.9% | 47.8% | 23 | -0.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Okta
56 of 465 tested setups beat buy-and-hold on Okta outright. Another 44 could get there with leverage they would survive — but 69 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Delta Volume Rising (CVD proxy) | 1 | 1.88× | 3.1× |
| Detrended Price Osc. | 1 | 2.88× | 3.91× |
| Bollinger Mean-Reversion | 1 | none needed | 4.67× |
| Stochastic | 1 | none needed | 3.45× |
| Williams %R | 1 | none needed | 4.67× |
| CCI | 1 | none needed | 3.46× |
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 Okta, Intraday Momentum Index 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.
More stock
Get alerted when Okta’s signal flips
We track Okta daily. Its backtested best indicator, Intraday Momentum Index (Daily), is flat right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.