The best indicator for Midnight (NIGHT)
We backtested 20 indicators across daily, weekly and hourly charts on real Midnight (NIGHT) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
ADX / DMI
On the daily chart, this is the strongest risk-adjusted edge we found for Midnight (NIGHT) over ~2.8 years — beating buy-and-hold by 898.2% 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 | ADX / DMI ✓ | Daily | 1303.8% | 0.76 | -100.0% | 25.0% | 12 | 898.2% |
| 2 | MACD ✓ | Daily | -73.8% | 0.6 | -100.0% | 18.5% | 27 | -479.4% |
| 3 | WaveTrend (8/6/4) ✓ | Daily | 1735.2% | 0.76 | -100.0% | 25.0% | 8 | 1329.6% |
| 4 | Bollinger Breakout ✓ | Daily | -60.8% | 0.6 | -100.0% | 10.0% | 10 | -466.4% |
| 5 | Bollinger Mean-Reversion ✓ | Daily | 15.4% | 0.53 | -40.3% | 55.6% | 9 | -390.2% |
| 6 | CCI | Daily | -46.3% | -0.17 | -86.9% | 0.0% | 9 | -451.9% |
| 7 | Stochastic | Daily | -49.1% | -0.38 | -88.5% | 25.0% | 8 | -454.7% |
| 8 | Williams %R | Daily | -47.5% | -0.26 | -86.6% | 12.5% | 16 | -453.1% |
| 9 | Heikin-Ashi Trend | Daily | -98.7% | -0.92 | -100.0% | 20.7% | 87 | -504.4% |
| 10 | Donchian Midline | Daily | -67.4% | -0.92 | -96.2% | 10.7% | 28 | -473.0% |
| 11 | RSI Trend (>50) | Daily | -98.6% | -1.05 | -100.0% | 12.5% | 24 | -504.2% |
| 12 | Rate of Change | Daily | -98.9% | -1.15 | -100.0% | 22.9% | 35 | -504.5% |
| 13 | EMA-10 Trend | Daily | -99.2% | -1.17 | -100.0% | 14.0% | 43 | -504.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Midnight (NIGHT), ADX / DMI 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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