The best indicator for NEXO (NEXO)
We backtested 20 indicators across daily, weekly and hourly charts on real NEXO (NEXO) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Donchian Breakout
On the daily chart, this is the strongest risk-adjusted edge we found for NEXO (NEXO) over ~11.7 years — beating buy-and-hold by 30.2% 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 | Donchian Breakout ✓ | Daily | 43.0% | 0.99 | -72.8% | 46.9% | 32 | 30.2% |
| 2 | Bollinger Breakout ✓ | Daily | 35.1% | 0.91 | -71.3% | 38.3% | 47 | 22.2% |
| 3 | Stochastic ✓ | Weekly | 49.9% | 0.98 | -50.0% | 81.8% | 11 | 34.4% |
| 4 | Heikin-Ashi Trend ✓ | Weekly | 29.3% | 0.68 | -69.5% | 38.4% | 73 | 13.8% |
| 5 | EMA-10 Trend ✓ | Weekly | 25.8% | 0.66 | -91.0% | 31.6% | 38 | 10.4% |
| 6 | Donchian Midline | Daily | 23.3% | 0.65 | -65.0% | 36.9% | 160 | 10.5% |
| 7 | EMA 20/50 Cross ✓ | Daily | 19.9% | 0.61 | -76.4% | 37.0% | 27 | 7.1% |
| 8 | RSI Trend (>50) | Weekly | 20.4% | 0.61 | -86.7% | 40.0% | 20 | 5.0% |
| 9 | Donchian Midline ✓ | Weekly | 21.3% | 0.61 | -77.7% | 20.0% | 20 | 5.9% |
| 10 | RSI Trend (>50) | Daily | 15.6% | 0.53 | -81.0% | 43.2% | 169 | 2.7% |
| 11 | Rate of Change | Daily | 15.0% | 0.53 | -68.3% | 35.6% | 208 | 2.2% |
| 12 | Williams %R ✓ | Weekly | 27.0% | 0.69 | -50.0% | 63.6% | 11 | 11.6% |
| 13 | Rate of Change ✓ | Weekly | 9.9% | 0.48 | -82.9% | 37.0% | 27 | -5.5% |
| 14 | ADX / DMI ✓ | Daily | 11.2% | 0.46 | -79.2% | 41.0% | 61 | -1.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For NEXO (NEXO), Donchian Breakout on the daily 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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