The best indicator for Oneok (OKE)
We backtested 20 indicators across daily, weekly and hourly charts on real Oneok (OKE) 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 Oneok (OKE) over ~45.7 years — trailing buy-and-hold by 0.2% 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 | Money Flow Index ✓ | Daily | 11.8% | 0.64 | -66.8% | 80.0% | 55 | -0.2% |
| 2 | Donchian Breakout ✓ | Weekly | 8.4% | 0.54 | -53.9% | 55.6% | 36 | -3.2% |
| 3 | RSI Trend (>50) ✓ | Weekly | 8.6% | 0.51 | -48.4% | 54.2% | 120 | -3.1% |
| 4 | EMA 20/50 Cross ✓ | Daily | 8.4% | 0.5 | -50.4% | 38.1% | 105 | -3.5% |
| 5 | EMA 20/50 Cross ✓ | Weekly | 8.8% | 0.49 | -74.1% | 60.0% | 15 | -2.8% |
| 6 | Donchian Midline ✓ | Weekly | 8.1% | 0.49 | -52.3% | 49.6% | 121 | -3.5% |
| 7 | EMA 50/200 Cross ✓ | Daily | 8.3% | 0.48 | -55.3% | 46.4% | 28 | -3.7% |
| 8 | SMA 50/200 Cross ✓ | Daily | 8.3% | 0.48 | -74.5% | 55.2% | 29 | -3.6% |
| 9 | Rate of Change ✓ | Weekly | 7.7% | 0.47 | -51.2% | 51.4% | 138 | -3.9% |
| 10 | MACD ✓ | Weekly | 7.9% | 0.46 | -71.5% | 50.5% | 93 | -3.8% |
| 11 | Bollinger Breakout ✓ | Weekly | 6.0% | 0.46 | -40.9% | 48.9% | 47 | -5.7% |
| 12 | MACD ✓ | Daily | 7.1% | 0.43 | -64.0% | 44.8% | 442 | -4.9% |
| 13 | ADX / DMI ✓ | Weekly | 5.4% | 0.41 | -43.6% | 44.8% | 67 | -6.3% |
| 14 | Donchian Midline ✓ | Daily | 6.1% | 0.38 | -64.5% | 37.9% | 633 | -5.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Oneok (OKE), 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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