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 over the full backtest, with costs, and checked out-of-sample.
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 ~16.8 years — beating buy-and-hold by 2.2% 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.
Chart by TradingView. Loading it contacts tradingview.com, which may set its own cookies — see our privacy policy.
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 | 19.4% | 0.89 | -28.7% | 86.7% | 15 | 2.2% |
| 2 | Williams %R (28) ✓ | Weekly | 19.5% | 0.87 | -28.0% | 46.7% | 30 | 2.3% |
| 3 | Coppock Curve ✓ | Weekly | 19.0% | 0.86 | -28.2% | 73.3% | 15 | 1.8% |
| 4 | CMO (21) ✓ | Weekly | 19.4% | 0.86 | -33.1% | 80.0% | 30 | 2.2% |
| 5 | Ease of Movement ✓ | Weekly | 18.9% | 0.82 | -33.6% | 61.1% | 36 | 1.7% |
| 6 | Parabolic SAR (fast) ✓ | Weekly | 18.1% | 0.82 | -36.8% | 50.0% | 54 | 0.9% |
| 7 | Cascade Z-Score ✓ | Weekly | 17.1% | 0.82 | -31.6% | 55.0% | 20 | -0.1% |
| 8 | Volume-Weighted EMA ✓ | Weekly | 18.1% | 0.81 | -41.6% | 43.2% | 44 | 0.8% |
| 9 | Disparity (20) ✓ | Weekly | 18.2% | 0.81 | -42.8% | 47.6% | 42 | 1.0% |
| 10 | RSI Trend (>50) ✓ | Weekly | 18.1% | 0.8 | -41.1% | 50.0% | 32 | 0.9% |
| 11 | EMA 8/21 Cross ✓ | Weekly | 18.2% | 0.8 | -37.0% | 55.6% | 18 | 1.0% |
| 12 | Instantaneous Trendline ✓ | Weekly | 18.1% | 0.8 | -33.7% | 50.0% | 32 | 0.9% |
| 13 | CCI (30) ✓ | Weekly | 17.7% | 0.8 | -31.7% | 60.0% | 25 | 0.5% |
| 14 | ROC (30) ✓ | Weekly | 17.7% | 0.78 | -35.3% | 73.7% | 19 | 0.5% |
✓ = 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.
More stock
Get alerted when Tencent’s signal flips
We track Tencent daily. Its backtested best indicator, Ichimoku TK Cross (Weekly), is flat right now — we'll email you the moment that changes. Free, no spam, unsubscribe any time.