The best indicator for Eaton Corporation (ETN)
We backtested 382 indicators across daily, weekly and hourly charts on real Eaton Corporation (ETN) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Eaton Corporation (ETN) 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.
Negative Volume Index
On the daily chart, this is the strongest risk-adjusted edge we found for Eaton Corporation (ETN) over ~54.3 years — trailing buy-and-hold by 1.0% CAGR.
Eaton Corporation (ETN) on the daily 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 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 | 13.1% | 0.67 | -42.1% | 44.1% | 186 | -1.0% |
| 2 | QQE ✓ | Weekly | 14.5% | 0.65 | -66.0% | 50.9% | 167 | 0.5% |
| 3 | McGinley 30 Trend ✓ | Weekly | 13.4% | 0.63 | -43.6% | 48.3% | 29 | -0.5% |
| 4 | McGinley 200 Trend ✓ | Daily | 14.2% | 0.62 | -68.9% | 35.3% | 17 | 0.2% |
| 5 | Instantaneous Trendline ✓ | Daily | 10.5% | 0.61 | -43.9% | 44.6% | 520 | -3.6% |
| 6 | TSI (13,7) ✓ | Daily | 10.5% | 0.61 | -53.6% | 44.4% | 390 | -3.6% |
| 7 | Markov Regime ✓ | Daily | 13.5% | 0.61 | -68.9% | 43.6% | 101 | -0.5% |
| 8 | Chande Kroll Stop ✓ | Daily | 12.3% | 0.6 | -59.2% | 41.0% | 792 | -1.7% |
| 9 | Aroon ✓ | Weekly | 10.5% | 0.6 | -46.4% | 63.0% | 81 | -3.5% |
| 10 | Chandelier Exit ✓ | Weekly | 11.3% | 0.6 | -45.1% | 45.1% | 102 | -2.6% |
| 11 | Chande Kroll Stop ✓ | Weekly | 12.2% | 0.6 | -62.3% | 46.9% | 130 | -1.7% |
| 12 | Aroon Oscillator ✓ | Weekly | 10.5% | 0.6 | -46.4% | 63.0% | 81 | -3.5% |
| 13 | Ehlers Reflex ✓ | Daily | 9.9% | 0.59 | -38.2% | 52.1% | 466 | -4.2% |
| 14 | FRAMA 200 Trend ✓ | Daily | 10.1% | 0.59 | -39.1% | 43.2% | 1111 | -3.9% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Eaton Corporation (ETN)
0 of 724 tested setups beat buy-and-hold on Eaton Corporation (ETN) outright. Another 333 could get there with leverage they would survive — but 344 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| QQE | — | 1.23× | 2.21× |
| EMA 200 Trend | — | 1.61× | 2.55× |
| Chande Kroll Stop | — | 1.63× | 2.42× |
| Zero-Lag MACD | — | 1.7× | 2.28× |
| Coppock Curve | — | 1.71× | 2.95× |
| Chandelier Exit | — | 1.75× | 2.74× |
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 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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