Mean Reversion indicator

Fibonacci Bands: what it's actually best at

Fibonacci Bands is a channel / envelope rule in our mean reversion family — it measures how far price has travelled from a moving reference and acts at the extremes. 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

0 of 890

assets where it was the #1 edge — it never won outright (honest note below)

on the other 890, a different indicator did better

0.24

average Sharpe across all tests

median across all 382 indicators is 0.25 — this one ranks above 156 of them

Mean Reversion

indicator family

Base rate

How often Fibonacci Bands beat buy-and-hold

395 of 1,645 out-of-sample tests beat simply buying and holding the same asset — 24.0%. On the other 1,250 it did not. That is above 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: 1,645 of them, drawn from 890 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 890 × 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 34.6% (308/890 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 We do not publish the recipe — the settings, lengths and thresholds we tested.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 Fibonacci Bands is worth your attention is below; everything you'd need to clone it is not.

Honest note

In our standard-settings test, Fibonacci Bands wasn’t the single best indicator for any asset — it was outperformed by others on every one. That’s useful to know too: no indicator wins everywhere.

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Fibonacci Bands: what it's actually best at

How often Fibonacci Bands beat buy-and-hold

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