The best indicator for Tencent
We backtested 382 indicators across daily, weekly and hourly charts on real Tencent history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Where Tencent 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.
Ichimoku TK Cross
On the weekly chart, this is the strongest risk-adjusted edge we found for Tencent over ~16.5 years — beating buy-and-hold by 2.9% CAGR.
Tencent on the weekly chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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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 | Ichimoku TK Cross ✓ | Weekly | 20.3% | 0.92 | -24.9% | 86.7% | 15 | 2.9% |
| 2 | Ease of Movement ✓ | Weekly | 20.6% | 0.89 | -28.0% | 60.0% | 35 | 3.2% |
| 3 | Williams %R (28) ✓ | Weekly | 19.9% | 0.88 | -28.0% | 46.7% | 30 | 2.5% |
| 4 | CMO (21) ✓ | Weekly | 19.8% | 0.87 | -33.1% | 77.4% | 31 | 2.4% |
| 5 | Parabolic SAR (fast) ✓ | Weekly | 19.4% | 0.87 | -36.8% | 50.9% | 53 | 2.0% |
| 6 | Disparity (20) ✓ | Weekly | 19.2% | 0.85 | -42.2% | 47.5% | 40 | 1.8% |
| 7 | Volume-Weighted EMA ✓ | Weekly | 18.9% | 0.84 | -42.5% | 45.5% | 44 | 1.5% |
| 8 | RSI Trend (>50) ✓ | Weekly | 19.1% | 0.83 | -41.1% | 48.4% | 31 | 1.7% |
| 9 | DeMarker (21) ✓ | Weekly | 18.3% | 0.83 | -26.8% | 66.7% | 24 | 0.9% |
| 10 | Cascade Z-Score ✓ | Weekly | 17.4% | 0.83 | -31.6% | 55.0% | 20 | -0.0% |
| 11 | Coppock Curve ✓ | Weekly | 19.6% | 0.88 | -28.2% | 71.4% | 14 | 2.2% |
| 12 | HLC Trend ✓ | Weekly | 18.1% | 0.82 | -35.8% | 44.7% | 38 | 0.7% |
| 13 | EMA 8/21 Cross ✓ | Weekly | 18.5% | 0.81 | -37.0% | 55.6% | 18 | 1.1% |
| 14 | Instantaneous Trendline ✓ | Weekly | 18.3% | 0.81 | -33.7% | 51.6% | 31 | 0.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
The question doesn't apply here. Buy-and-hold on Tencent lost money across the out-of-sample window in 539 of 539 tests, so there is no positive benchmark to lever toward — clearing a negative bar is a much weaker claim than beating a real one, and we keep the two apart rather than counting it as a win. How we compute that
For Tencent, Ichimoku TK 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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