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.
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.
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.
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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