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, out-of-sample, with costs.
Intraday Momentum Index
On the daily chart, this is the strongest risk-adjusted edge we found for Okta over ~9.2 years — beating buy-and-hold by 7.4% CAGR.
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 | 26.7% | 0.87 | -37.5% | 82.8% | 29 | 7.4% |
| 2 | Detrended Price Osc. ✓ | Daily | 29.1% | 0.84 | -75.5% | 54.8% | 241 | 9.8% |
| 3 | DeMarker ✓ | Daily | 24.4% | 0.78 | -67.2% | 75.7% | 37 | 5.1% |
| 4 | ROC (30) ✓ | Weekly | 24.6% | 0.75 | -40.0% | 42.1% | 19 | 5.5% |
| 5 | CMO (30) ✓ | Weekly | 24.6% | 0.75 | -40.0% | 42.1% | 19 | 5.5% |
| 6 | Momentum (30) ✓ | Weekly | 24.6% | 0.75 | -40.0% | 42.1% | 19 | 5.5% |
| 7 | Ehlers Cyber Cycle ✓ | Daily | 22.9% | 0.73 | -50.4% | 51.1% | 233 | 3.6% |
| 8 | Volume Oscillator ✓ | Weekly | 17.5% | 0.72 | -36.0% | 62.5% | 24 | -1.6% |
| 9 | QQE ✓ | Daily | 25.3% | 0.7 | -77.4% | 42.3% | 137 | 6.0% |
| 10 | J_TPO ✓ | Weekly | 19.6% | 0.7 | -54.5% | 44.0% | 25 | 0.4% |
| 11 | Negative Volume Index ✓ | Daily | 19.8% | 0.69 | -45.4% | 53.3% | 15 | 0.5% |
| 12 | Chaikin Oscillator ✓ | Weekly | 21.2% | 0.69 | -62.9% | 45.5% | 22 | 2.1% |
| 13 | A/D Oscillator ✓ | Weekly | 21.2% | 0.69 | -62.9% | 45.5% | 22 | 2.1% |
| 14 | RSI (30) ✓ | Weekly | 21.4% | 0.69 | -52.8% | 56.2% | 16 | 2.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
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.
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