The best indicator for Chevron Corporation (CVX)
We backtested 382 indicators across daily, weekly and hourly charts on real Chevron Corporation (CVX) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Chevron Corporation (CVX) stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Connors RSI-2
On the weekly chart, this is the strongest risk-adjusted edge we found for Chevron Corporation (CVX) over ~65.0 years — trailing buy-and-hold by 2.2% CAGR.
Chevron Corporation (CVX) on the weekly chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Chevron Corporation (CVX) — trailing buy-and-hold by 3.9% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
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 | Connors RSI-2 ✓ | Weekly | 8.5% | 0.7 | -46.4% | 76.4% | 148 | -2.2% |
| 2 | Connors RSI ✓ | Weekly | 8.2% | 0.64 | -48.1% | 81.8% | 159 | -2.5% |
| 3 | WaveTrend (8/6/4) ✓ | Daily | 9.8% | 0.61 | -53.4% | 74.8% | 266 | -0.8% |
| 4 | Stochastic ✓ | Daily | 7.8% | 0.53 | -45.0% | 75.1% | 309 | -2.8% |
| 5 | Stochastic Momentum Index ✓ | Daily | 6.8% | 0.52 | -45.0% | 73.9% | 280 | -3.8% |
| 6 | Demand Index ✓ | Weekly | 7.7% | 0.52 | -48.5% | 72.9% | 166 | -2.9% |
| 7 | CCI ✓ | Daily | 7.2% | 0.51 | -53.1% | 76.9% | 325 | -3.4% |
| 8 | DeMarker ✓ | Daily | 7.5% | 0.51 | -55.6% | 74.6% | 236 | -3.1% |
| 9 | MA Envelope ✓ | Weekly | 7.2% | 0.51 | -46.4% | 70.2% | 141 | -3.5% |
| 10 | SMA 15/60 Cross ✓ | Weekly | 8.4% | 0.51 | -48.6% | 53.3% | 30 | -2.3% |
| 11 | WMA 20/80 Cross ✓ | Weekly | 7.9% | 0.49 | -51.3% | 55.2% | 29 | -2.7% |
| 12 | TRIX (15) ✓ | Weekly | 7.9% | 0.49 | -60.3% | 61.1% | 36 | -2.8% |
| 13 | Murrey Math Lines ✓ | Daily | 6.6% | 0.48 | -51.7% | 82.2% | 180 | -4.0% |
| 14 | McGinley 200 Trend ✓ | Daily | 9.3% | 0.48 | -59.0% | 18.2% | 44 | -1.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Chevron Corporation (CVX)
3 of 735 tested setups beat buy-and-hold on Chevron Corporation (CVX) outright. Another 105 could get there with leverage they would survive — but 353 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| WaveTrend (8/6/4) | 1 | none needed | 1.94× |
| Connors RSI | 1 | none needed | 1.88× |
| MA Envelope | 1 | none needed | 2.1× |
| QQE | — | 1.45× | 1.78× |
| CCI | — | 1.6× | 2.37× |
| DeMarker | — | 1.68× | 1.89× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Chevron Corporation (CVX), Connors RSI-2 on the weekly 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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