The best indicator for Ethena (ENA)
We backtested 20 indicators across daily, weekly and hourly charts on real Ethena (ENA) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Williams %R
On the daily chart, this is the strongest risk-adjusted edge we found for Ethena (ENA) over ~3.2 years — beating buy-and-hold by 33.6% 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 | Heikin-Ashi Trend | Daily | 5.4% | 0.44 | -74.4% | 31.0% | 126 | 54.9% |
| 2 | Bollinger Breakout | Daily | 17.9% | 0.57 | -52.9% | 36.4% | 11 | 67.4% |
| 3 | ADX / DMI | Daily | -0.3% | 0.35 | -64.9% | 26.3% | 19 | 49.1% |
| 4 | Williams %R ✓ | Daily | -15.8% | 0.13 | -72.9% | 52.4% | 21 | 33.6% |
| 5 | RSI Trend (>50) | Daily | -14.8% | 0.09 | -69.4% | 37.5% | 32 | 34.6% |
| 6 | Stochastic ✓ | Daily | -23.7% | 0.06 | -84.5% | 50.0% | 20 | 25.7% |
| 7 | WaveTrend (8/6/4) | Daily | -32.0% | -0.09 | -88.7% | 46.2% | 13 | 17.4% |
| 8 | MACD | Daily | -29.9% | -0.12 | -77.1% | 17.9% | 28 | 19.6% |
| 9 | Donchian Midline | Daily | -25.1% | -0.13 | -84.0% | 34.1% | 44 | 24.4% |
| 10 | Donchian Breakout | Daily | -24.1% | -0.23 | -62.5% | 25.0% | 12 | 25.4% |
| 11 | CCI | Daily | -40.0% | -0.32 | -84.1% | 43.8% | 16 | 9.5% |
| 12 | Bollinger Mean-Reversion | Daily | -37.6% | -0.47 | -83.9% | 41.7% | 12 | 11.8% |
| 13 | EMA-10 Trend | Daily | -39.5% | -0.4 | -82.8% | 32.4% | 71 | 9.9% |
| 14 | Rate of Change | Daily | -45.9% | -0.56 | -90.3% | 33.3% | 54 | 3.6% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Ethena (ENA), Williams %R 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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