The best indicator for Cboe Global Markets (CBOE)
We backtested 20 indicators across daily, weekly and hourly charts on real Cboe Global Markets (CBOE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 20/50 Cross
On the daily chart, this is the strongest risk-adjusted edge we found for Cboe Global Markets (CBOE) over ~15.9 years — trailing buy-and-hold by 3.1% 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 | EMA 20/50 Cross ✓ | Daily | 13.0% | 0.75 | -29.9% | 50.0% | 34 | -3.1% |
| 2 | RSI Trend (>50) ✓ | Weekly | 12.3% | 0.7 | -37.2% | 56.8% | 37 | -4.1% |
| 3 | WaveTrend (8/6/4) ✓ | Daily | 10.1% | 0.67 | -36.1% | 76.8% | 56 | -6.1% |
| 4 | Donchian Midline ✓ | Weekly | 10.8% | 0.65 | -43.6% | 53.7% | 41 | -5.6% |
| 5 | Donchian Breakout ✓ | Weekly | 9.6% | 0.64 | -33.1% | 57.1% | 14 | -6.8% |
| 6 | Stochastic ✓ | Daily | 7.8% | 0.59 | -20.0% | 73.2% | 71 | -8.3% |
| 7 | Williams %R ✓ | Daily | 8.1% | 0.58 | -38.6% | 76.0% | 100 | -8.1% |
| 8 | MACD ✓ | Weekly | 8.3% | 0.55 | -38.3% | 53.1% | 32 | -8.1% |
| 9 | Donchian Breakout ✓ | Daily | 7.4% | 0.54 | -41.2% | 50.0% | 60 | -8.7% |
| 10 | Rate of Change ✓ | Weekly | 8.6% | 0.54 | -50.6% | 52.2% | 46 | -7.8% |
| 11 | Heikin-Ashi Trend ✓ | Weekly | 7.7% | 0.5 | -34.0% | 53.1% | 145 | -8.7% |
| 12 | Bollinger Breakout ✓ | Weekly | 6.7% | 0.49 | -40.9% | 63.2% | 19 | -9.7% |
| 13 | Bollinger Breakout ✓ | Daily | 5.4% | 0.48 | -30.2% | 44.3% | 79 | -10.8% |
| 14 | EMA-10 Trend ✓ | Weekly | 7.1% | 0.46 | -47.8% | 47.3% | 74 | -9.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Cboe Global Markets (CBOE), EMA 20/50 Cross on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — 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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