The best indicator for Workday, Inc. (WDAY)
We backtested 382 indicators across daily, weekly and hourly charts on real Workday, Inc. (WDAY) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Camarilla Pivots
On the weekly chart, this is the strongest risk-adjusted edge we found for Workday, Inc. (WDAY) over ~13.7 years — beating buy-and-hold by 3.6% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Workday, Inc. (WDAY) — beating buy-and-hold by 4.2% 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 | Camarilla Pivots ✓ | Weekly | 11.9% | 0.59 | -39.4% | 55.6% | 144 | 3.6% |
| 2 | Money Flow Index | Daily | 9.9% | 0.52 | -47.8% | 81.2% | 16 | 1.6% |
| 3 | DeMarker ✓ | Daily | 11.1% | 0.52 | -57.9% | 79.6% | 49 | 2.8% |
| 4 | Pivot Points (Standard) ✓ | Weekly | 9.4% | 0.52 | -35.4% | 54.9% | 102 | 1.2% |
| 5 | Fibonacci Pivots ✓ | Weekly | 9.4% | 0.51 | -36.1% | 54.5% | 110 | 1.1% |
| 6 | Coppock Curve ✓ | Daily | 10.1% | 0.49 | -49.1% | 50.0% | 84 | 1.8% |
| 7 | Intraday Momentum Index | Daily | 9.8% | 0.47 | -54.9% | 72.3% | 47 | 1.5% |
| 8 | MA Envelope ✓ | Daily | 8.9% | 0.47 | -46.3% | 70.8% | 113 | 0.6% |
| 9 | T3 100 Trend ✓ | Daily | 7.3% | 0.44 | -24.7% | 54.2% | 24 | -1.0% |
| 10 | Elder-Ray | Weekly | 4.1% | 0.42 | -28.6% | 57.9% | 57 | -4.2% |
| 11 | SMC: Fair Value Gap ✓ | Weekly | 8.2% | 0.42 | -49.0% | 55.6% | 27 | -0.1% |
| 12 | Williams %R ✓ | Weekly | 7.9% | 0.41 | -50.2% | 66.7% | 18 | -0.4% |
| 13 | Linear Regression Slope ✓ | Daily | 7.4% | 0.4 | -47.1% | 48.2% | 85 | -0.9% |
| 14 | Correlation Trend ✓ | Daily | 7.4% | 0.4 | -47.1% | 48.2% | 85 | -0.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Workday, Inc. (WDAY), Camarilla Pivots 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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