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The best indicator for Emerging Markets (VWO)

We backtested 382 indicators across daily, weekly and hourly charts on real Emerging Markets (VWO) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.

Signaling FLAT right now — KAMA 10/30 Cross (Daily) is out of the market. Signal as of 2026-10-23.
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Key levels · as of 2026-10-23

Where Emerging Markets (VWO) stands

56.84
last daily close (2026-10-23)
58.18
200-day simple moving average price 2.3% below
59.77
50-day simple moving average price 4.9% below
51.89–61.32
52-week range

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.

Trend · Daily

KAMA 10/30 Cross

On the daily chart, this is the strongest risk-adjusted edge we found for Emerging Markets (VWO) over ~21.5 years — beating buy-and-hold by 1.3% CAGR.

8.2%
CAGR
0.62
Sharpe
-28.4%
Max DD
47.2%
Win rate
2.58
Profit factor
+1.3%
vs Buy&Hold
Chart

Emerging Markets (VWO) on the daily 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.

NOTHING BEAT BUY-AND-HOLD
Full strategy report — every setup ranked out-of-sample, corrected for data-mining, and forward-tracked in public.
Read the verdict
Confluence · Daily

Best multi-indicator combo

DeMarkerDonchian Breakout

Going long only when all 2 agree was the strongest confluence setup we found for Emerging Markets (VWO) — trailing buy-and-hold by 4.5% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.

2.3%
CAGR
0.69
Sharpe
55.0%
Win rate
40
Trades
-4.5%
vs Buy&Hold
Best by timeframe

The winner on each chart

Daily
KAMA 10/30 Cross
+1.3% · Sharpe 0.62
Weekly
Cutler's RSI
+1.0% · Sharpe 0.6
Full results

Every indicator, ranked

Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.

#IndicatorTFCAGRSharpeMax DDWinTradesvs B&H
1KAMA 10/30 Cross ✓Daily8.2%0.62-28.4%47.2%531.3%
2Cutler's RSI ✓Weekly7.8%0.6-24.8%56.4%551.0%
3DeMarker (21) ✓Weekly7.2%0.6-29.9%50.0%420.4%
4ROC (14) ✓Weekly7.8%0.6-24.8%56.4%551.0%
5CMO (14) ✓Weekly7.8%0.6-24.8%56.4%551.0%
6Ease of Movement ✓Weekly7.3%0.59-22.7%53.3%450.5%
7Random Walk Index ✓Weekly7.5%0.57-24.8%51.2%410.7%
8Random Walk Index ✓Weekly7.5%0.57-24.8%51.2%410.7%
9Price Momentum Oscillator ✓Weekly7.0%0.57-27.6%56.7%300.2%
10DeMarker (14) ✓Weekly6.9%0.56-22.3%56.0%500.1%
11Donchian 10 Break ✓Weekly7.3%0.55-23.4%65.0%200.5%
12Cascade Z-Score ✓Weekly6.4%0.55-27.7%51.6%31-0.4%
13Coppock Curve ✓Weekly7.0%0.54-31.0%54.5%220.2%
14MAMA / FAMA ✓Weekly7.0%0.53-34.8%43.5%230.2%

✓ = held up out-of-sample. Hypothetical, costs included. See methodology.

The leverage question

What it would take to beat buy & hold on Emerging Markets (VWO)

5 of 627 tested setups beat buy-and-hold on Emerging Markets (VWO) outright. Another 242 could get there with leverage they would survive — but 206 would be liquidated by their own drawdown before they caught it.

IndicatorBeats B&H unlevered Leverage neededLeverage survived
Demand Index12.83×3.52×
Intraday Momentum Index1none needed3.73×
Ehlers Cyber Cycle1none needed3.31×
Adaptive Supertrend1none needed5.81×
Predictive Ranges1none needed4.11×
ALMA 10/30 Cross—1.33×4.46×

Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way

What this means

For Emerging Markets (VWO), KAMA 10/30 Cross on the daily 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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