The best indicator for Orange Juice (OJ)
We backtested 20 indicators across daily, weekly and hourly charts on real Orange Juice (OJ) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the daily chart, this is the strongest risk-adjusted edge we found for Orange Juice (OJ) over ~24.6 years — beating buy-and-hold by 12.2% 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) ✓ | Daily | 15.1% | 0.68 | -57.9% | 76.0% | 104 | 12.2% |
| 2 | CCI ✓ | Daily | 13.3% | 0.67 | -57.3% | 69.8% | 129 | 10.4% |
| 3 | Stochastic ✓ | Daily | 10.2% | 0.53 | -61.2% | 72.4% | 145 | 7.4% |
| 4 | Williams %R ✓ | Daily | 9.5% | 0.51 | -59.7% | 70.8% | 171 | 6.7% |
| 5 | Heikin-Ashi Trend ✓ | Daily | 7.5% | 0.41 | -59.2% | 44.8% | 1168 | 4.6% |
| 6 | SMA 50/200 Cross ✓ | Daily | 7.9% | 0.43 | -57.4% | 50.0% | 14 | 5.1% |
| 7 | EMA 50/200 Cross ✓ | Daily | 5.8% | 0.35 | -68.1% | 35.7% | 14 | 2.9% |
| 8 | RSI Mean-Reversion ✓ | Daily | 3.6% | 0.31 | -39.4% | 73.2% | 41 | 0.7% |
| 9 | Money Flow Index ✓ | Daily | 4.1% | 0.29 | -67.0% | 65.9% | 44 | 1.3% |
| 10 | RSI Trend (>50) ✓ | Weekly | 2.4% | 0.22 | -67.8% | 42.9% | 63 | -0.3% |
| 11 | Donchian Breakout ✓ | Weekly | 2.5% | 0.22 | -60.1% | 38.9% | 18 | -0.2% |
| 12 | EMA 20/50 Cross ✓ | Weekly | 5.0% | 0.32 | -61.5% | 50.0% | 10 | 2.3% |
| 13 | EMA-10 Trend | Daily | 1.3% | 0.18 | -60.6% | 39.4% | 564 | -1.6% |
| 14 | Williams %R ✓ | Weekly | 0.3% | 0.13 | -58.1% | 53.3% | 30 | -2.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Orange Juice (OJ), WaveTrend (8/6/4) 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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