The best indicator for Paychex (PAYX)
We backtested 382 indicators across daily, weekly and hourly charts on real Paychex (PAYX) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Fibonacci Pivots
On the daily chart, this is the strongest risk-adjusted edge we found for Paychex (PAYX) over ~42.8 years — trailing buy-and-hold by 4.4% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Paychex (PAYX) — trailing buy-and-hold by 5.0% 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 | Fibonacci Pivots ✓ | Daily | 13.5% | 0.69 | -41.5% | 49.0% | 1664 | -4.4% |
| 2 | QQE ✓ | Weekly | 17.2% | 0.69 | -56.0% | 55.5% | 128 | -0.5% |
| 3 | McGinley Dynamic ✓ | Weekly | 17.1% | 0.67 | -62.4% | 40.0% | 15 | -0.7% |
| 4 | Williams %R (50) ✓ | Weekly | 13.8% | 0.67 | -55.1% | 41.8% | 55 | -3.9% |
| 5 | Trendlines with Breaks ✓ | Weekly | 14.4% | 0.67 | -58.4% | 68.8% | 16 | -3.4% |
| 6 | Pivot Points (Standard) ✓ | Daily | 12.4% | 0.66 | -42.6% | 48.7% | 1521 | -5.4% |
| 7 | Guppy Multiple MA ✓ | Weekly | 14.0% | 0.66 | -45.9% | 60.0% | 30 | -3.8% |
| 8 | EMA 20/80 Cross ✓ | Daily | 14.1% | 0.65 | -54.0% | 42.6% | 68 | -3.7% |
| 9 | Ichimoku TK Cross ✓ | Weekly | 13.3% | 0.65 | -49.7% | 53.1% | 49 | -4.5% |
| 10 | ROC (60) ✓ | Weekly | 14.5% | 0.65 | -50.8% | 56.1% | 41 | -3.3% |
| 11 | Ichimoku Cloud ✓ | Weekly | 13.0% | 0.64 | -58.6% | 55.6% | 45 | -4.8% |
| 12 | EMA 9/26 Cross ✓ | Weekly | 13.4% | 0.64 | -49.1% | 47.4% | 38 | -4.4% |
| 13 | HMA 9/21 Cross ✓ | Weekly | 12.1% | 0.64 | -40.7% | 60.9% | 138 | -5.7% |
| 14 | Donchian 20 Break ✓ | Weekly | 13.0% | 0.64 | -74.6% | 66.7% | 18 | -4.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Paychex (PAYX), Fibonacci Pivots 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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