The best indicator for FactSet (FDS)
We backtested 20 indicators across daily, weekly and hourly charts on real FactSet (FDS) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the weekly chart, this is the strongest risk-adjusted edge we found for FactSet (FDS) over ~30.1 years — trailing buy-and-hold by 3.2% 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 | WaveTrend (8/6/4) ✓ | Weekly | 12.3% | 0.63 | -58.4% | 88.9% | 27 | -3.2% |
| 2 | RSI Trend (>50) ✓ | Daily | 10.6% | 0.54 | -41.0% | 42.6% | 383 | -5.0% |
| 3 | EMA-10 Trend ✓ | Daily | 10.4% | 0.54 | -44.2% | 42.2% | 670 | -5.2% |
| 4 | WaveTrend (8/6/4) ✓ | Daily | 9.8% | 0.51 | -57.8% | 73.2% | 112 | -5.8% |
| 5 | Stochastic ✓ | Weekly | 8.7% | 0.51 | -48.5% | 85.3% | 34 | -6.7% |
| 6 | CCI ✓ | Weekly | 8.1% | 0.51 | -58.4% | 93.3% | 30 | -7.3% |
| 7 | Donchian Breakout ✓ | Daily | 7.5% | 0.45 | -51.7% | 42.9% | 119 | -8.0% |
| 8 | EMA 20/50 Cross ✓ | Weekly | 9.3% | 0.45 | -56.4% | 50.0% | 16 | -6.1% |
| 9 | Donchian Midline | Daily | 8.0% | 0.44 | -59.7% | 41.7% | 415 | -7.5% |
| 10 | Williams %R ✓ | Weekly | 7.2% | 0.44 | -50.0% | 80.0% | 45 | -8.2% |
| 11 | Donchian Midline ✓ | Weekly | 7.9% | 0.44 | -33.1% | 46.9% | 81 | -7.6% |
| 12 | MACD ✓ | Daily | 7.3% | 0.42 | -75.0% | 47.2% | 288 | -8.3% |
| 13 | MACD ✓ | Weekly | 7.2% | 0.42 | -50.7% | 54.0% | 63 | -8.2% |
| 14 | Stochastic ✓ | Daily | 5.8% | 0.39 | -51.5% | 71.7% | 145 | -9.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For FactSet (FDS), WaveTrend (8/6/4) on the weekly 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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