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, out-of-sample, with costs.
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
On the weekly chart, this is the strongest risk-adjusted edge we found for Chevron Corporation (CVX) over ~64.7 years — trailing buy-and-hold by 1.7% 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 ✓ | Weekly | 8.8% | 0.69 | -48.1% | 80.6% | 160 | -1.7% |
| 2 | Connors RSI-2 ✓ | Weekly | 7.5% | 0.63 | -46.4% | 75.9% | 145 | -3.0% |
| 3 | WaveTrend (8/6/4) ✓ | Daily | 9.7% | 0.6 | -53.4% | 75.0% | 264 | -0.8% |
| 4 | Stochastic ✓ | Daily | 7.9% | 0.54 | -45.0% | 75.3% | 308 | -2.6% |
| 5 | Stochastic Momentum Index ✓ | Daily | 6.7% | 0.52 | -45.0% | 74.1% | 278 | -3.8% |
| 6 | Pivot Points (Standard) ✓ | Weekly | 6.7% | 0.52 | -40.7% | 58.4% | 471 | -3.8% |
| 7 | DeMarker ✓ | Daily | 7.6% | 0.51 | -55.6% | 74.6% | 236 | -2.9% |
| 8 | MA Envelope ✓ | Weekly | 7.1% | 0.51 | -46.4% | 69.5% | 141 | -3.4% |
| 9 | CCI ✓ | Daily | 7.2% | 0.5 | -53.1% | 76.9% | 324 | -3.3% |
| 10 | Fibonacci Pivots ✓ | Weekly | 6.6% | 0.5 | -41.1% | 60.2% | 515 | -3.9% |
| 11 | SMA 15/60 Cross ✓ | Weekly | 8.1% | 0.5 | -48.0% | 53.3% | 30 | -2.4% |
| 12 | Murrey Math Lines ✓ | Daily | 6.8% | 0.49 | -51.7% | 82.3% | 181 | -3.7% |
| 13 | Demand Index ✓ | Weekly | 7.2% | 0.49 | -48.5% | 73.8% | 164 | -3.3% |
| 14 | McGinley 200 Trend ✓ | Daily | 9.2% | 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 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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