The best indicator for 3x S&P (SPXL)
We backtested 382 indicators across daily, weekly and hourly charts on real 3x S&P (SPXL) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Delta Volume (CVD proxy)
On the weekly chart, this is the strongest risk-adjusted edge we found for 3x S&P (SPXL) over ~17.7 years — beating buy-and-hold by 0.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for 3x S&P (SPXL) — trailing buy-and-hold by 18.5% 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 | Delta Volume (CVD proxy) ✓ | Weekly | 29.7% | 0.9 | -51.0% | 62.5% | 40 | 0.8% |
| 2 | Stoch RSI (fast) ✓ | Weekly | 23.3% | 0.88 | -45.2% | 66.3% | 98 | -5.5% |
| 3 | KDJ ✓ | Weekly | 21.5% | 0.87 | -31.2% | 57.1% | 91 | -7.4% |
| 4 | FRAMA 10/30 Cross ✓ | Weekly | 22.1% | 0.87 | -42.9% | 68.0% | 75 | -6.8% |
| 5 | Chaikin Oscillator ✓ | Weekly | 26.4% | 0.82 | -53.1% | 60.6% | 33 | -2.5% |
| 6 | A/D Oscillator ✓ | Weekly | 26.4% | 0.82 | -53.1% | 60.6% | 33 | -2.5% |
| 7 | Fractal Adaptive MA ✓ | Weekly | 19.7% | 0.81 | -52.6% | 60.6% | 104 | -9.2% |
| 8 | Volume Zone Oscillator ✓ | Weekly | 22.1% | 0.81 | -44.6% | 61.5% | 78 | -6.8% |
| 9 | Coppock (fast) ✓ | Weekly | 24.8% | 0.81 | -53.4% | 54.5% | 22 | -4.1% |
| 10 | Chande Kroll Stop ✓ | Weekly | 26.9% | 0.8 | -61.6% | 61.5% | 39 | -2.0% |
| 11 | Random Walk Index ✓ | Weekly | 23.0% | 0.79 | -49.7% | 63.9% | 36 | -5.9% |
| 12 | Cutler's RSI ✓ | Weekly | 23.2% | 0.79 | -43.1% | 65.0% | 40 | -5.7% |
| 13 | ROC (14) ✓ | Weekly | 23.2% | 0.79 | -43.1% | 65.0% | 40 | -5.7% |
| 14 | CCI (30) ✓ | Weekly | 22.4% | 0.79 | -39.1% | 60.7% | 28 | -6.5% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For 3x S&P (SPXL), Delta Volume (CVD proxy) on the weekly 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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