The best indicator for India (INDA)
We backtested 20 indicators across daily, weekly and hourly charts on real India (INDA) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Rate of Change
On the weekly chart, this is the strongest risk-adjusted edge we found for India (INDA) over ~14.4 years — beating buy-and-hold by 0.3% 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 | Rate of Change ✓ | Weekly | 5.4% | 0.48 | -21.0% | 39.0% | 41 | 0.3% |
| 2 | EMA 20/50 Cross ✓ | Daily | 5.2% | 0.44 | -24.3% | 41.4% | 29 | 0.1% |
| 3 | EMA-10 Trend ✓ | Weekly | 4.5% | 0.41 | -20.8% | 44.4% | 63 | -0.6% |
| 4 | Money Flow Index | Daily | 4.8% | 0.38 | -36.0% | 60.0% | 15 | -0.3% |
| 5 | MACD ✓ | Weekly | 3.6% | 0.37 | -29.6% | 43.8% | 32 | -1.4% |
| 6 | Bollinger Mean-Reversion ✓ | Weekly | 3.9% | 0.41 | -31.7% | 76.9% | 13 | -1.1% |
| 7 | Donchian Midline | Weekly | 3.7% | 0.34 | -29.1% | 42.9% | 42 | -1.4% |
| 8 | Donchian Midline ✓ | Daily | 3.1% | 0.3 | -27.5% | 42.4% | 177 | -2.0% |
| 9 | ADX / DMI ✓ | Weekly | 2.6% | 0.3 | -25.8% | 38.9% | 18 | -2.5% |
| 10 | Stochastic | Weekly | 3.2% | 0.35 | -18.0% | 75.0% | 12 | -1.9% |
| 11 | Bollinger Breakout ✓ | Weekly | 2.6% | 0.34 | -18.6% | 58.3% | 12 | -2.5% |
| 12 | Bollinger Breakout | Daily | 1.8% | 0.25 | -22.3% | 43.1% | 51 | -3.3% |
| 13 | WaveTrend (8/6/4) | Weekly | 3.1% | 0.31 | -32.8% | 50.0% | 10 | -1.9% |
| 14 | MACD ✓ | Daily | 1.9% | 0.2 | -25.8% | 45.3% | 150 | -3.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For India (INDA), Rate of Change 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.
More etf
Get the weekly edge report
The best-performing indicator per asset, what changed this week, and the honest caveats — straight to your inbox.