The best indicator for Steel Dynamics (STLD)
We backtested 366 indicators across daily, weekly and hourly charts on real Steel Dynamics (STLD) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
TEMA 10/30 Cross
On the weekly chart, this is the strongest risk-adjusted edge we found for Steel Dynamics (STLD) over ~29.7 years — beating buy-and-hold by 1.8% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Steel Dynamics (STLD) — trailing buy-and-hold by 8.7% 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 | TEMA 10/30 Cross ✓ | Weekly | 18.2% | 0.68 | -47.6% | 60.4% | 53 | 1.8% |
| 2 | Ehlers Reflex ✓ | Weekly | 16.8% | 0.66 | -51.3% | 66.7% | 48 | 0.4% |
| 3 | CCI ✓ | Weekly | 13.8% | 0.63 | -55.9% | 90.3% | 31 | -2.7% |
| 4 | CCI Trend ✓ | Daily | 15.5% | 0.62 | -45.5% | 43.4% | 343 | -1.0% |
| 5 | Cutler's RSI ✓ | Daily | 15.5% | 0.61 | -57.4% | 47.6% | 412 | -1.0% |
| 6 | ROC (14) ✓ | Daily | 15.5% | 0.61 | -57.4% | 47.6% | 412 | -1.0% |
| 7 | CMO (14) ✓ | Daily | 15.5% | 0.61 | -57.4% | 47.6% | 412 | -1.0% |
| 8 | T3 8/21 Cross ✓ | Weekly | 14.8% | 0.61 | -49.3% | 65.5% | 29 | -1.7% |
| 9 | Know Sure Thing ✓ | Weekly | 14.1% | 0.59 | -56.0% | 70.6% | 34 | -2.4% |
| 10 | WMA 200 Trend ✓ | Weekly | 14.0% | 0.59 | -64.5% | 31.8% | 22 | -2.4% |
| 11 | SMA 100 Trend ✓ | Weekly | 13.3% | 0.58 | -54.1% | 48.3% | 29 | -3.2% |
| 12 | Vortex ✓ | Daily | 13.9% | 0.57 | -50.1% | 46.8% | 348 | -2.7% |
| 13 | FRAMA 10/30 Cross ✓ | Weekly | 14.1% | 0.57 | -62.6% | 52.3% | 111 | -2.3% |
| 14 | ZLEMA 200 Trend ✓ | Weekly | 12.2% | 0.57 | -48.7% | 55.3% | 38 | -4.2% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Steel Dynamics (STLD), TEMA 10/30 Cross 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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