The best indicator for EVgo
We backtested 382 indicators across daily, weekly and hourly charts on real EVgo history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Morning Star
On the daily chart, this is the strongest risk-adjusted edge we found for EVgo over ~5.6 years — beating buy-and-hold by 51.3% CAGR.
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 | Morning Star ✓ | Daily | 24.8% | 0.83 | -44.3% | 53.3% | 45 | 51.3% |
| 2 | Price Momentum Oscillator | Daily | 32.1% | 0.73 | -45.7% | 43.8% | 32 | 58.6% |
| 3 | Supertrend (20,3) | Daily | 37.4% | 0.78 | -56.6% | 50.0% | 14 | 63.9% |
| 4 | ALMA 10/30 Cross ✓ | Daily | 25.0% | 0.64 | -61.1% | 39.3% | 56 | 51.5% |
| 5 | Accelerator Oscillator | Daily | 23.8% | 0.63 | -63.2% | 34.2% | 73 | 50.2% |
| 6 | Gator Oscillator ✓ | Daily | 20.1% | 0.63 | -40.8% | 40.7% | 59 | 46.6% |
| 7 | KAMA 30 Trend | Daily | 24.3% | 0.62 | -72.0% | 31.5% | 54 | 50.8% |
| 8 | Adaptive Supertrend | Daily | 22.2% | 0.61 | -59.5% | 38.9% | 36 | 48.7% |
| 9 | TEMA 20/50 Cross | Daily | 20.6% | 0.6 | -48.6% | 54.5% | 22 | 47.1% |
| 10 | Volume Oscillator | Daily | 20.3% | 0.59 | -54.3% | 52.5% | 40 | 46.8% |
| 11 | Bandpass Oscillator ✓ | Daily | 20.6% | 0.59 | -66.9% | 42.9% | 63 | 47.1% |
| 12 | Exponential Hull MA ✓ | Daily | 20.1% | 0.58 | -53.0% | 40.4% | 94 | 46.6% |
| 13 | Triangular Hull MA ✓ | Daily | 20.5% | 0.58 | -51.7% | 46.5% | 71 | 47.0% |
| 14 | DEMA 10/30 Cross | Daily | 18.9% | 0.58 | -48.5% | 45.2% | 31 | 45.4% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For EVgo, Morning Star on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — 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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