The best indicator for Airlines (JETS)
We backtested 20 indicators across daily, weekly and hourly charts on real Airlines (JETS) 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 Airlines (JETS) over ~11.2 years — beating buy-and-hold by 13.0% 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 | 14.6% | 0.66 | -39.3% | 76.9% | 13 | 13.0% |
| 2 | Williams %R ✓ | Daily | 8.5% | 0.49 | -41.1% | 64.0% | 75 | 6.6% |
| 3 | MACD ✓ | Daily | 8.7% | 0.48 | -34.4% | 39.8% | 98 | 6.8% |
| 4 | Stochastic ✓ | Weekly | 9.2% | 0.47 | -34.2% | 100.0% | 14 | 7.6% |
| 5 | Bollinger Mean-Reversion ✓ | Weekly | 9.3% | 0.49 | -49.9% | 84.6% | 13 | 7.8% |
| 6 | CCI ✓ | Weekly | 9.9% | 0.53 | -34.2% | 75.0% | 12 | 8.3% |
| 7 | Donchian Midline ✓ | Daily | 6.5% | 0.41 | -43.1% | 41.8% | 141 | 4.7% |
| 8 | Rate of Change ✓ | Daily | 6.2% | 0.39 | -43.1% | 42.8% | 180 | 4.4% |
| 9 | EMA-10 Trend ✓ | Daily | 6.0% | 0.38 | -36.5% | 40.3% | 233 | 4.1% |
| 10 | Money Flow Index ✓ | Daily | 6.1% | 0.35 | -49.6% | 75.0% | 16 | 4.2% |
| 11 | Williams %R ✓ | Weekly | 6.0% | 0.35 | -61.7% | 88.2% | 17 | 4.4% |
| 12 | RSI Mean-Reversion | Daily | 4.5% | 0.34 | -34.5% | 70.0% | 20 | 2.7% |
| 13 | Stochastic | Daily | 4.1% | 0.29 | -57.8% | 63.8% | 58 | 2.3% |
| 14 | RSI Trend (>50) ✓ | Daily | 2.6% | 0.23 | -44.8% | 42.5% | 153 | 0.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Airlines (JETS), WaveTrend (8/6/4) 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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