The best indicator for Clean Energy (ICLN)
We backtested 20 indicators across daily, weekly and hourly charts on real Clean Energy (ICLN) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
ADX / DMI
On the weekly chart, this is the strongest risk-adjusted edge we found for Clean Energy (ICLN) over ~18.0 years — beating buy-and-hold by 10.7% 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 ✓ | Weekly | 7.9% | 0.55 | -40.1% | 47.1% | 17 | 10.7% |
| 2 | Donchian Midline | Daily | 6.4% | 0.42 | -47.5% | 38.5% | 226 | 9.4% |
| 3 | Bollinger Breakout ✓ | Weekly | 4.5% | 0.37 | -43.2% | 53.3% | 15 | 7.2% |
| 4 | Donchian Breakout ✓ | Daily | 4.6% | 0.35 | -47.9% | 40.0% | 70 | 7.6% |
| 5 | RSI Trend (>50) ✓ | Daily | 4.6% | 0.33 | -46.2% | 36.2% | 240 | 7.6% |
| 6 | Bollinger Mean-Reversion ✓ | Weekly | 3.1% | 0.28 | -42.0% | 61.1% | 18 | 5.8% |
| 7 | Donchian Midline | Weekly | 3.6% | 0.28 | -68.4% | 40.0% | 50 | 6.3% |
| 8 | SMA 50/200 Cross | Daily | 3.3% | 0.27 | -59.7% | 43.8% | 16 | 6.4% |
| 9 | Donchian Breakout | Weekly | 3.3% | 0.28 | -61.3% | 21.4% | 14 | 6.0% |
| 10 | Bollinger Breakout ✓ | Daily | 2.7% | 0.26 | -44.4% | 43.7% | 71 | 5.7% |
| 11 | CCI ✓ | Weekly | 2.8% | 0.24 | -48.2% | 66.7% | 18 | 5.5% |
| 12 | EMA 50/200 Cross | Daily | 4.0% | 0.32 | -60.9% | 36.4% | 11 | 7.0% |
| 13 | EMA 20/50 Cross | Daily | 2.3% | 0.22 | -67.2% | 34.8% | 46 | 5.3% |
| 14 | MACD | Weekly | 2.0% | 0.2 | -56.9% | 34.2% | 38 | 4.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Clean Energy (ICLN), ADX / DMI on the weekly 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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