The best indicator for M&T Bank (MTB)
We backtested 20 indicators across daily, weekly and hourly charts on real M&T Bank (MTB) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
EMA 50/200 Cross
On the daily chart, this is the strongest risk-adjusted edge we found for M&T Bank (MTB) over ~46.2 years — trailing buy-and-hold by 4.5% 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 | EMA 50/200 Cross ✓ | Daily | 11.6% | 0.65 | -46.9% | 57.7% | 26 | -4.5% |
| 2 | EMA 20/50 Cross ✓ | Weekly | 13.0% | 0.71 | -53.6% | 76.9% | 13 | -3.0% |
| 3 | Heikin-Ashi Trend ✓ | Weekly | 9.9% | 0.59 | -76.0% | 52.3% | 411 | -6.1% |
| 4 | SMA 50/200 Cross ✓ | Daily | 10.0% | 0.58 | -56.9% | 57.1% | 28 | -6.1% |
| 5 | EMA-10 Trend ✓ | Weekly | 8.9% | 0.55 | -71.6% | 48.3% | 207 | -7.1% |
| 6 | Donchian Midline ✓ | Weekly | 9.3% | 0.55 | -65.5% | 45.4% | 130 | -6.8% |
| 7 | RSI Trend (>50) ✓ | Weekly | 9.0% | 0.54 | -53.1% | 45.8% | 120 | -7.0% |
| 8 | EMA 20/50 Cross ✓ | Daily | 9.1% | 0.53 | -51.8% | 41.1% | 112 | -7.0% |
| 9 | ADX / DMI ✓ | Daily | 7.5% | 0.53 | -60.7% | 45.5% | 308 | -8.6% |
| 10 | ADX / DMI ✓ | Weekly | 7.3% | 0.52 | -40.8% | 50.0% | 58 | -8.7% |
| 11 | Donchian Breakout ✓ | Weekly | 7.1% | 0.49 | -38.8% | 48.7% | 39 | -8.9% |
| 12 | Rate of Change ✓ | Weekly | 7.9% | 0.49 | -68.2% | 46.1% | 152 | -8.1% |
| 13 | CCI ✓ | Daily | 6.6% | 0.46 | -42.0% | 73.2% | 213 | -9.5% |
| 14 | Williams %R ✓ | Weekly | 6.3% | 0.46 | -52.2% | 83.3% | 60 | -9.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For M&T Bank (MTB), EMA 50/200 Cross on the daily 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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