The best indicator for Eaton Corporation (ETN)
We backtested 366 indicators across daily, weekly and hourly charts on real Eaton Corporation (ETN) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Negative Volume Index
On the daily chart, this is the strongest risk-adjusted edge we found for Eaton Corporation (ETN) over ~54.0 years — trailing buy-and-hold by 1.0% CAGR.
Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Eaton Corporation (ETN) — trailing buy-and-hold by 5.0% 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 | Negative Volume Index ✓ | Daily | 13.0% | 0.67 | -42.1% | 44.1% | 186 | -1.0% |
| 2 | TSI (13,7) ✓ | Daily | 11.1% | 0.64 | -53.6% | 45.1% | 384 | -2.8% |
| 3 | QQE ✓ | Weekly | 14.0% | 0.64 | -65.8% | 51.2% | 166 | 0.1% |
| 4 | Instantaneous Trendline ✓ | Daily | 10.6% | 0.62 | -43.9% | 44.9% | 514 | -3.3% |
| 5 | McGinley 200 Trend ✓ | Daily | 14.1% | 0.62 | -68.9% | 35.3% | 17 | 0.2% |
| 6 | McGinley 30 Trend ✓ | Weekly | 13.3% | 0.62 | -43.6% | 48.3% | 29 | -0.6% |
| 7 | Rate of Change ✓ | Daily | 10.4% | 0.61 | -47.1% | 45.4% | 811 | -3.5% |
| 8 | Chande Kroll Stop ✓ | Daily | 12.5% | 0.61 | -59.2% | 40.9% | 785 | -1.4% |
| 9 | Inverse Fisher RSI ✓ | Daily | 10.5% | 0.61 | -42.9% | 44.4% | 423 | -3.4% |
| 10 | Coppock (fast) ✓ | Daily | 10.4% | 0.61 | -41.4% | 46.3% | 428 | -3.5% |
| 11 | FRAMA 200 Trend ✓ | Daily | 10.6% | 0.61 | -39.1% | 43.3% | 1100 | -3.3% |
| 12 | RSI (30) ✓ | Daily | 10.5% | 0.61 | -37.5% | 38.5% | 434 | -3.4% |
| 13 | TEMA 10/30 Cross ✓ | Weekly | 9.9% | 0.61 | -43.8% | 56.4% | 117 | -4.0% |
| 14 | Ehlers Reflex ✓ | Daily | 10.0% | 0.6 | -38.2% | 52.2% | 462 | -3.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Eaton Corporation (ETN), Negative Volume Index 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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