The best indicator for Waste Management (WM)
We backtested 20 indicators across daily, weekly and hourly charts on real Waste Management (WM) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Bollinger Breakout
On the daily chart, this is the strongest risk-adjusted edge we found for Waste Management (WM) over ~37.9 years — trailing buy-and-hold by 4.6% 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 | Bollinger Breakout ✓ | Daily | 7.9% | 0.48 | -44.7% | 45.6% | 169 | -4.6% |
| 2 | EMA 20/50 Cross ✓ | Weekly | 9.1% | 0.47 | -55.1% | 58.8% | 17 | -3.4% |
| 3 | Williams %R ✓ | Weekly | 7.8% | 0.47 | -42.5% | 80.4% | 51 | -4.8% |
| 4 | CCI ✓ | Weekly | 7.0% | 0.45 | -40.0% | 85.0% | 40 | -5.6% |
| 5 | WaveTrend (8/6/4) ✓ | Weekly | 7.4% | 0.43 | -45.0% | 87.1% | 31 | -5.2% |
| 6 | Money Flow Index ✓ | Daily | 6.5% | 0.41 | -60.7% | 78.4% | 51 | -6.0% |
| 7 | EMA 50/200 Cross ✓ | Daily | 6.7% | 0.39 | -65.0% | 40.7% | 27 | -5.8% |
| 8 | EMA 20/50 Cross ✓ | Daily | 6.6% | 0.38 | -70.3% | 38.9% | 90 | -5.9% |
| 9 | Rate of Change ✓ | Daily | 6.4% | 0.38 | -68.8% | 40.4% | 622 | -6.0% |
| 10 | Stochastic ✓ | Weekly | 6.0% | 0.38 | -42.7% | 87.5% | 32 | -6.6% |
| 11 | Heikin-Ashi Trend ✓ | Weekly | 7.0% | 0.38 | -66.0% | 48.5% | 344 | -5.5% |
| 12 | SMA 50/200 Cross ✓ | Daily | 6.3% | 0.37 | -73.5% | 43.3% | 30 | -6.1% |
| 13 | ADX / DMI ✓ | Weekly | 6.2% | 0.37 | -51.8% | 47.8% | 67 | -6.4% |
| 14 | MACD ✓ | Daily | 6.1% | 0.36 | -59.7% | 43.1% | 378 | -6.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Waste Management (WM), Bollinger Breakout 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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