The best indicator for Zions
We backtested 382 indicators across daily, weekly and hourly charts on real Zions history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Zions 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.
Aroon
On the daily chart, this is the strongest risk-adjusted edge we found for Zions over ~46.5 years — beating buy-and-hold by 1.6% CAGR.
Zions 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.
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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 | Aroon ✓ | Daily | 11.7% | 0.55 | -80.5% | 47.5% | 385 | 1.6% |
| 2 | Aroon Oscillator ✓ | Daily | 11.7% | 0.55 | -80.5% | 47.5% | 385 | 1.6% |
| 3 | SMC: Break of Structure ✓ | Weekly | 10.1% | 0.55 | -39.0% | 56.5% | 23 | 0.0% |
| 4 | SMC: Order Block ✓ | Weekly | 10.2% | 0.55 | -49.5% | 48.0% | 50 | 0.1% |
| 5 | Supertrend (7,3) ✓ | Daily | 11.5% | 0.54 | -55.6% | 50.0% | 146 | 1.5% |
| 6 | MAMA / FAMA ✓ | Daily | 10.9% | 0.53 | -74.7% | 45.0% | 220 | 0.8% |
| 7 | Supertrend (20,3) ✓ | Daily | 10.9% | 0.53 | -46.1% | 50.7% | 142 | 0.9% |
| 8 | MAMA / FAMA ✓ | Weekly | 9.6% | 0.53 | -40.8% | 45.7% | 46 | -0.5% |
| 9 | Supertrend (10,3) ✓ | Daily | 10.8% | 0.52 | -49.3% | 49.0% | 145 | 0.7% |
| 10 | Hull MA Trend ✓ | Weekly | 11.4% | 0.52 | -47.1% | 49.6% | 119 | 1.3% |
| 11 | Fisher Transform ✓ | Weekly | 11.8% | 0.52 | -69.7% | 50.5% | 218 | 1.7% |
| 12 | T3 10/40 Cross ✓ | Weekly | 9.4% | 0.52 | -60.7% | 58.3% | 24 | -0.7% |
| 13 | DEMA 100 Trend ✓ | Weekly | 8.6% | 0.51 | -49.7% | 49.3% | 73 | -1.5% |
| 14 | Momentum (50) ✓ | Weekly | 9.4% | 0.51 | -58.8% | 46.8% | 47 | -0.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Zions
8 of 705 tested setups beat buy-and-hold on Zions outright. Another 221 could get there with leverage they would survive — but 329 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Ichimoku TK Cross | 1 | 1.34× | 2.2× |
| Price Momentum Oscillator | 1 | 2.1× | 2.57× |
| TEMA 20/50 Cross | 1 | none needed | 1.77× |
| Fisher Transform | 1 | none needed | 2.51× |
| DEMA 10/30 Cross | 1 | none needed | 2.18× |
| Ultimate Osc (4,8,16) | 1 | none needed | 1.78× |
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 Zions, Aroon 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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