The best indicator for Waste Management (WM)
We backtested 382 indicators across daily, weekly and hourly charts on real Waste Management (WM) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Waste Management (WM) 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.
Zero-Lag MACD
On the weekly chart, this is the strongest risk-adjusted edge we found for Waste Management (WM) over ~38.4 years — beating buy-and-hold by 1.1% CAGR.
Waste Management (WM) 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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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Waste Management (WM) — trailing buy-and-hold by 0.2% 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 | Zero-Lag MACD ✓ | Weekly | 13.4% | 0.62 | -51.4% | 57.1% | 161 | 1.1% |
| 2 | Random Walk Index ✓ | Daily | 11.6% | 0.57 | -36.6% | 40.0% | 492 | -0.6% |
| 3 | Random Walk Index ✓ | Daily | 11.6% | 0.57 | -36.6% | 40.0% | 492 | -0.6% |
| 4 | SMC: Equal Highs / Lows ✓ | Daily | 11.8% | 0.57 | -46.4% | 57.9% | 19 | -0.4% |
| 5 | HMA 9/21 Cross ✓ | Weekly | 11.7% | 0.56 | -43.7% | 54.8% | 126 | -0.6% |
| 6 | Aroon ✓ | Daily | 11.0% | 0.55 | -45.9% | 43.1% | 320 | -1.1% |
| 7 | Aroon Oscillator ✓ | Daily | 11.0% | 0.55 | -45.9% | 43.1% | 320 | -1.1% |
| 8 | Detrended Price Osc. ✓ | Weekly | 10.5% | 0.55 | -55.4% | 61.3% | 212 | -1.7% |
| 9 | Laguerre RSI ✓ | Weekly | 8.3% | 0.55 | -27.0% | 63.9% | 61 | -3.9% |
| 10 | QQE ✓ | Weekly | 13.0% | 0.54 | -79.7% | 45.6% | 114 | 0.7% |
| 11 | DEMA 20/50 Cross ✓ | Daily | 10.3% | 0.53 | -46.5% | 49.3% | 148 | -1.8% |
| 12 | TEMA 20/50 Cross ✓ | Daily | 10.3% | 0.53 | -60.3% | 52.0% | 204 | -1.9% |
| 13 | TEMA 30 Trend ✓ | Weekly | 10.2% | 0.53 | -38.7% | 49.7% | 157 | -2.1% |
| 14 | Markov Regime (Confirmed) ✓ | Weekly | 8.9% | 0.53 | -70.0% | 50.0% | 208 | -3.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Waste Management (WM)
0 of 683 tested setups beat buy-and-hold on Waste Management (WM) outright. Another 392 could get there with leverage they would survive — but 236 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| QQE | — | 1.37× | 3.19× |
| Chande Kroll Stop | — | 1.43× | 2.87× |
| Demand Index | — | 1.56× | 3.83× |
| Zero-Lag MACD | — | 1.59× | 3.74× |
| SMC: Fair Value Gap | — | 1.88× | 3.64× |
| Momentum (50) | — | 1.89× | 4.0× |
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
For Waste Management (WM), Zero-Lag MACD 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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