The best indicator for Axon Enterprise (AXON)
We backtested 20 indicators across daily, weekly and hourly charts on real Axon Enterprise (AXON) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
ADX / DMI
On the daily chart, this is the strongest risk-adjusted edge we found for Axon Enterprise (AXON) over ~24.9 years — beating buy-and-hold by 2.5% CAGR.
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 | ADX / DMI ✓ | Daily | 34.8% | 0.96 | -60.1% | 42.4% | 158 | 2.5% |
| 2 | Donchian Breakout ✓ | Daily | 34.5% | 0.95 | -60.4% | 52.3% | 86 | 2.3% |
| 3 | Rate of Change ✓ | Daily | 37.2% | 0.94 | -48.9% | 41.7% | 379 | 4.9% |
| 4 | Bollinger Breakout ✓ | Daily | 29.8% | 0.91 | -64.4% | 45.5% | 112 | -2.4% |
| 5 | RSI Trend (>50) ✓ | Daily | 32.6% | 0.87 | -79.9% | 36.7% | 308 | 0.3% |
| 6 | EMA 20/50 Cross ✓ | Daily | 31.1% | 0.83 | -76.7% | 41.2% | 51 | -1.2% |
| 7 | Rate of Change ✓ | Weekly | 32.1% | 0.83 | -79.7% | 56.1% | 66 | 0.2% |
| 8 | MACD ✓ | Daily | 30.0% | 0.82 | -69.7% | 43.7% | 213 | -2.2% |
| 9 | EMA-10 Trend ✓ | Daily | 30.0% | 0.82 | -60.7% | 42.5% | 567 | -2.3% |
| 10 | MACD ✓ | Weekly | 29.9% | 0.82 | -84.7% | 62.8% | 43 | -1.9% |
| 11 | Donchian Midline ✓ | Weekly | 29.3% | 0.8 | -83.6% | 55.4% | 56 | -2.5% |
| 12 | Heikin-Ashi Trend ✓ | Daily | 28.5% | 0.79 | -56.2% | 45.3% | 1208 | -3.8% |
| 13 | Donchian Midline ✓ | Daily | 27.4% | 0.77 | -57.5% | 36.6% | 314 | -4.8% |
| 14 | EMA-10 Trend ✓ | Weekly | 28.8% | 0.77 | -60.7% | 43.9% | 107 | -3.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Axon Enterprise (AXON), ADX / DMI 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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