The best indicator for Newmont (NEM)
We backtested 20 indicators across daily, weekly and hourly charts on real Newmont (NEM) 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 Newmont (NEM) over ~46.4 years — beating buy-and-hold by 2.2% 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 | 8.5% | 0.44 | -51.6% | 78.0% | 41 | 2.2% |
| 2 | Williams %R ✓ | Weekly | 7.1% | 0.42 | -61.8% | 75.4% | 69 | 0.8% |
| 3 | Money Flow Index ✓ | Daily | 7.0% | 0.39 | -56.4% | 75.9% | 54 | 0.7% |
| 4 | CCI ✓ | Weekly | 6.5% | 0.39 | -59.9% | 74.5% | 51 | 0.3% |
| 5 | Bollinger Mean-Reversion ✓ | Weekly | 4.9% | 0.36 | -47.1% | 84.6% | 39 | -1.4% |
| 6 | Stochastic ✓ | Weekly | 5.8% | 0.36 | -61.8% | 74.1% | 54 | -0.4% |
| 7 | Holy Grail Confluence ✓ | Weekly | 5.3% | 0.36 | -56.5% | 85.7% | 14 | -1.0% |
| 8 | WaveTrend (8/6/4) ✓ | Daily | 5.3% | 0.32 | -68.3% | 66.3% | 181 | -1.1% |
| 9 | MACD ✓ | Daily | 5.0% | 0.31 | -61.4% | 42.9% | 462 | -1.4% |
| 10 | Stochastic | Daily | 3.1% | 0.25 | -68.2% | 65.5% | 252 | -3.3% |
| 11 | Williams %R ✓ | Daily | 3.3% | 0.25 | -67.3% | 65.5% | 310 | -3.1% |
| 12 | CCI ✓ | Daily | 3.3% | 0.25 | -67.4% | 70.7% | 229 | -3.1% |
| 13 | EMA 20/50 Cross ✓ | Weekly | 3.2% | 0.25 | -79.1% | 50.0% | 22 | -3.1% |
| 14 | MACD ✓ | Weekly | 3.0% | 0.24 | -76.7% | 40.4% | 94 | -3.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Newmont (NEM), 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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