The best indicator for Soybean Oil (ZL)
We backtested 382 indicators across daily, weekly and hourly charts on real Soybean Oil (ZL) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Soybean Oil (ZL) 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.
Relative Volume Spike
On the weekly chart, this is the strongest risk-adjusted edge we found for Soybean Oil (ZL) over ~26.6 years — beating buy-and-hold by 2.9% CAGR.
Soybean Oil (ZL) 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 Soybean Oil (ZL) — beating buy-and-hold by 3.2% 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 | Relative Volume Spike ✓ | Weekly | 8.1% | 0.61 | -28.7% | 49.1% | 55 | 2.9% |
| 2 | LSMA 200 Trend ✓ | Daily | 8.2% | 0.57 | -40.7% | 36.5% | 137 | 2.7% |
| 3 | True Strength Index ✓ | Weekly | 8.9% | 0.57 | -42.9% | 45.5% | 44 | 3.8% |
| 4 | Negative Volume Index ✓ | Daily | 9.1% | 0.55 | -49.7% | 44.8% | 58 | 3.6% |
| 5 | ZLEMA 200 Trend ✓ | Daily | 7.7% | 0.54 | -44.4% | 36.4% | 151 | 2.2% |
| 6 | MACD ✓ | Weekly | 8.7% | 0.54 | -38.9% | 48.7% | 39 | 3.6% |
| 7 | LSMA 100 Trend ✓ | Weekly | 7.6% | 0.54 | -40.0% | 42.9% | 42 | 2.4% |
| 8 | Delta Volume (CVD proxy) ✓ | Weekly | 7.9% | 0.54 | -41.0% | 52.9% | 68 | 2.7% |
| 9 | Hull MA 200 Trend ✓ | Daily | 7.4% | 0.53 | -44.6% | 44.7% | 123 | 1.9% |
| 10 | Median MA ✓ | Weekly | 7.1% | 0.53 | -35.6% | 44.3% | 70 | 2.0% |
| 11 | DEMA 10/30 Cross ✓ | Weekly | 8.5% | 0.53 | -53.4% | 51.4% | 37 | 3.3% |
| 12 | TEMA 10/30 Cross ✓ | Weekly | 8.4% | 0.53 | -37.6% | 49.0% | 51 | 3.2% |
| 13 | Percentage Price Osc. ✓ | Weekly | 8.1% | 0.52 | -47.5% | 53.8% | 39 | 2.9% |
| 14 | QQE MOD ✓ | Weekly | 6.8% | 0.52 | -41.9% | 48.1% | 54 | 1.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Soybean Oil (ZL)
116 of 658 tested setups beat buy-and-hold on Soybean Oil (ZL) outright. Another 365 could get there with leverage they would survive — but 133 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Sine-Weighted MA | 2 | 1.31× | 2.73× |
| Donchian Midline | 2 | none needed | 2.86× |
| Disparity Index | 2 | none needed | 2.62× |
| Pretty Good Oscillator | 2 | none needed | 2.62× |
| Bollinger %B | 2 | none needed | 2.72× |
| RSI (7) | 2 | none needed | 2.62× |
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 Soybean Oil (ZL), Relative Volume Spike 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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