The best indicator for ON Semiconductor (ON)
We backtested 20 indicators across daily, weekly and hourly charts on real ON Semiconductor (ON) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
MACD
On the weekly chart, this is the strongest risk-adjusted edge we found for ON Semiconductor (ON) over ~26.2 years — beating buy-and-hold by 9.9% 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 | MACD ✓ | Weekly | 16.7% | 0.57 | -64.8% | 53.1% | 49 | 9.9% |
| 2 | RSI Trend (>50) ✓ | Weekly | 14.7% | 0.57 | -58.1% | 37.1% | 62 | 7.8% |
| 3 | EMA-10 Trend ✓ | Weekly | 13.9% | 0.52 | -60.0% | 44.6% | 112 | 7.1% |
| 4 | Rate of Change ✓ | Weekly | 13.2% | 0.51 | -73.4% | 42.9% | 84 | 6.4% |
| 5 | Heikin-Ashi Trend ✓ | Weekly | 13.0% | 0.49 | -69.7% | 47.0% | 236 | 6.2% |
| 6 | Donchian Midline ✓ | Weekly | 10.4% | 0.46 | -71.0% | 38.9% | 72 | 3.6% |
| 7 | EMA 20/50 Cross ✓ | Daily | 10.2% | 0.44 | -77.9% | 38.7% | 62 | 3.9% |
| 8 | Donchian Breakout ✓ | Daily | 10.1% | 0.44 | -59.7% | 44.2% | 95 | 3.8% |
| 9 | RSI Trend (>50) ✓ | Daily | 8.7% | 0.4 | -74.7% | 42.1% | 356 | 2.4% |
| 10 | Rate of Change ✓ | Daily | 8.5% | 0.4 | -73.3% | 44.8% | 440 | 2.3% |
| 11 | WaveTrend (8/6/4) ✓ | Weekly | 8.5% | 0.4 | -86.0% | 80.0% | 20 | 1.7% |
| 12 | Donchian Midline ✓ | Daily | 8.3% | 0.39 | -68.2% | 44.2% | 351 | 2.0% |
| 13 | Donchian Breakout ✓ | Weekly | 6.2% | 0.35 | -70.3% | 43.5% | 23 | -0.6% |
| 14 | Bollinger Breakout ✓ | Daily | 6.2% | 0.34 | -54.8% | 40.3% | 119 | -0.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For ON Semiconductor (ON), MACD on the weekly 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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