The best indicator for Elevance Health (ELV)
We backtested 366 indicators across daily, weekly and hourly charts on real Elevance Health (ELV) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Laguerre RSI
On the weekly chart, this is the strongest risk-adjusted edge we found for Elevance Health (ELV) over ~24.7 years — trailing buy-and-hold by 6.9% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Elevance Health (ELV) — trailing buy-and-hold by 10.2% 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 | Laguerre RSI ✓ | Weekly | 7.0% | 0.66 | -25.6% | 64.1% | 39 | -6.9% |
| 2 | Projection Bands ✓ | Weekly | 10.0% | 0.59 | -54.7% | 78.0% | 50 | -3.8% |
| 3 | Markov Regime ✓ | Daily | 13.5% | 0.59 | -50.4% | 48.7% | 39 | -0.6% |
| 4 | WaveTrend (8/6/4) ✓ | Weekly | 10.1% | 0.58 | -47.8% | 81.8% | 22 | -3.7% |
| 5 | Relative Volatility Index ✓ | Weekly | 10.3% | 0.57 | -38.1% | 49.4% | 85 | -3.5% |
| 6 | Stochastic ✓ | Weekly | 8.0% | 0.56 | -34.0% | 80.0% | 20 | -5.8% |
| 7 | Zero-Lag LSMA ✓ | Daily | 9.8% | 0.55 | -44.7% | 48.1% | 418 | -4.3% |
| 8 | Detrended Price Osc. ✓ | Weekly | 10.4% | 0.55 | -54.6% | 55.8% | 163 | -3.5% |
| 9 | Trade Volume Index ✓ | Weekly | 9.1% | 0.55 | -43.3% | 40.7% | 81 | -4.7% |
| 10 | Intraday Momentum Index ✓ | Daily | 9.0% | 0.54 | -55.6% | 72.1% | 68 | -5.1% |
| 11 | CCI ✓ | Weekly | 8.4% | 0.52 | -45.3% | 85.7% | 28 | -5.4% |
| 12 | ADX / DMI ✓ | Weekly | 6.9% | 0.51 | -27.0% | 55.6% | 27 | -6.9% |
| 13 | Predictive Ranges ✓ | Weekly | 8.7% | 0.51 | -52.6% | 48.2% | 56 | -5.1% |
| 14 | WaveTrend (8/6/4) ✓ | Daily | 9.1% | 0.5 | -63.9% | 72.9% | 96 | -5.0% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Elevance Health (ELV), Laguerre 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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