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, out-of-sample, with costs.
Relative Volume Spike
On the weekly chart, this is the strongest risk-adjusted edge we found for Soybean Oil (ZL) over ~26.3 years — beating buy-and-hold by 2.9% CAGR.
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 | 8.4% | 0.63 | -28.7% | 49.1% | 55 | 2.9% |
| 2 | Negative Volume Index ✓ | Daily | 9.6% | 0.58 | -49.7% | 44.8% | 58 | 3.7% |
| 3 | LSMA 200 Trend ✓ | Daily | 8.3% | 0.58 | -40.7% | 36.5% | 137 | 2.4% |
| 4 | Median MA ✓ | Weekly | 7.9% | 0.58 | -35.6% | 44.9% | 69 | 2.3% |
| 5 | LSMA 100 Trend ✓ | Weekly | 8.2% | 0.58 | -40.0% | 41.5% | 41 | 2.6% |
| 6 | Chop Zone (EMA-34 angle) ✓ | Weekly | 7.2% | 0.58 | -26.9% | 53.8% | 26 | 1.6% |
| 7 | True Strength Index ✓ | Weekly | 9.1% | 0.57 | -42.9% | 45.5% | 44 | 3.5% |
| 8 | MACD ✓ | Weekly | 9.1% | 0.56 | -38.9% | 48.7% | 39 | 3.5% |
| 9 | DEMA 10/30 Cross ✓ | Weekly | 9.1% | 0.56 | -53.4% | 51.4% | 37 | 3.5% |
| 10 | ALMA 200 Trend ✓ | Daily | 8.1% | 0.55 | -37.5% | 37.6% | 93 | 2.2% |
| 11 | ZLEMA 200 Trend ✓ | Daily | 7.8% | 0.54 | -44.4% | 36.4% | 151 | 1.9% |
| 12 | TEMA 10/30 Cross ✓ | Weekly | 8.5% | 0.54 | -37.6% | 49.0% | 51 | 2.9% |
| 13 | Std Error Channel ✓ | Weekly | 7.8% | 0.54 | -39.0% | 37.5% | 40 | 2.2% |
| 14 | Delta Volume (CVD proxy) ✓ | Weekly | 8.0% | 0.54 | -41.0% | 52.9% | 68 | 2.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
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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