The best indicator for Nucor (NUE)
We backtested 20 indicators across daily, weekly and hourly charts on real Nucor (NUE) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Money Flow Index
On the daily chart, this is the strongest risk-adjusted edge we found for Nucor (NUE) over ~46.2 years — trailing buy-and-hold by 3.5% 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 | Money Flow Index ✓ | Daily | 11.7% | 0.62 | -40.5% | 80.4% | 51 | -3.5% |
| 2 | WaveTrend (8/6/4) ✓ | Daily | 11.2% | 0.54 | -65.3% | 72.3% | 188 | -4.0% |
| 3 | Stochastic ✓ | Daily | 9.2% | 0.5 | -53.7% | 67.3% | 251 | -6.1% |
| 4 | Donchian Midline ✓ | Weekly | 9.2% | 0.47 | -63.5% | 48.4% | 126 | -6.0% |
| 5 | RSI Trend (>50) ✓ | Daily | 8.4% | 0.45 | -71.9% | 41.3% | 618 | -6.8% |
| 6 | Donchian Midline ✓ | Daily | 8.3% | 0.45 | -80.8% | 41.2% | 592 | -7.0% |
| 7 | EMA-10 Trend ✓ | Daily | 7.9% | 0.43 | -87.9% | 43.1% | 1043 | -7.4% |
| 8 | CCI ✓ | Daily | 7.5% | 0.42 | -66.7% | 72.2% | 234 | -7.8% |
| 9 | Money Flow Index ✓ | Weekly | 11.9% | 0.57 | -48.3% | 100.0% | 11 | -3.3% |
| 10 | SMA 50/200 Cross ✓ | Daily | 7.1% | 0.4 | -69.3% | 40.0% | 35 | -8.2% |
| 11 | EMA 20/50 Cross ✓ | Daily | 7.0% | 0.4 | -63.0% | 44.2% | 113 | -8.3% |
| 12 | Holy Grail Confluence ✓ | Daily | 6.6% | 0.4 | -61.6% | 76.0% | 75 | -8.6% |
| 13 | Heikin-Ashi Trend ✓ | Weekly | 6.9% | 0.4 | -54.4% | 48.8% | 422 | -8.3% |
| 14 | EMA 50/200 Cross ✓ | Daily | 6.9% | 0.39 | -78.4% | 29.7% | 37 | -8.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Nucor (NUE), Money Flow Index 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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