Oscillator indicator

Elder Ray (Bull/Bear Power): what it's actually best at

Elder Ray (Bull/Bear Power) is a mean-reversion rule in our oscillator family — it fades stretched moves and exits as price reverts toward its average. We publish where it holds up and where it fails, with the out-of-sample numbers; the exact settings we tested stay in the engine.

Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test

4 of 899

assets where it was the #1 edge

on the other 895, a different indicator did better

-0.01

average Sharpe across all tests

median across all 382 indicators is 0.25 — this one ranks above 13 of them

Oscillator

indicator family

Base rate

How often Elder Ray (Bull/Bear Power) beat buy-and-hold

602 of 3,366 out-of-sample tests beat simply buying and holding the same asset — 17.9%. On the other 2,764 it did not. That is below the 20.1% rate across all 382 indicators we test (one pooled rate over all 660,005 tests we have run, not a mean of the per-indicator rates).

Each test is one asset on one timeframe: 3,366 of them, drawn from 899 assets across up to 4 timeframes. Not every asset has usable history on every timeframe, so that total is the grid we could actually run — it is not 899 × 4, and we do not pad it with tests we did not do. "Beat" means a higher return than holding that same asset over that same window. Measured out-of-sample — on data the setup was not chosen on.

Picking the single best timeframe for each asset after the fact raises it to 30.5% (274/899 assets). That number is the one worth distrusting: choosing the timeframe once you already know the answer is how backtests flatter themselves. Every indicator, ranked by this number

What's on this page — and what isn't

We publish the verdict: the indicator's name, the assets and timeframes it holds up on, and the honest numbers for both its wins and its failures. We do not publish the recipe — the settings, lengths and thresholds we tested. That is the part worth paying for, and republishing it would just add one more free indicator to a market that already has thousands. Everything you need to judge whether Elder Ray (Bull/Bear Power) is worth your attention is below; everything you'd need to clone it is not.

Best fits

Assets where Elder Ray (Bull/Bear Power) won

Platinum (PL) -3.1%-10% drawdown · 88 trades · 26.4y Cardano (ADA) +64.7%-54% drawdown · 182 trades · 12.4y Cosmos Hub (ATOM) +45.0%-29% drawdown · 27 trades · 7.3y Riot Platforms +50.9%-70% drawdown · 157 trades · 10.2y

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Elder Ray (Bull/Bear Power): what it's actually best at

How often Elder Ray (Bull/Bear Power) beat buy-and-hold

Assets where Elder Ray (Bull/Bear Power) won

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