The best indicator for S&P Equal Weight (RSP)
We backtested 382 indicators across daily, weekly and hourly charts on real S&P Equal Weight (RSP) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where S&P Equal Weight (RSP) 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.
Supertrend (20,3)
On the weekly chart, this is the strongest risk-adjusted edge we found for S&P Equal Weight (RSP) over ~23.5 years — trailing buy-and-hold by 1.4% CAGR.
S&P Equal Weight (RSP) on the weekly 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 S&P Equal Weight (RSP) — trailing buy-and-hold by 7.6% 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 | Supertrend (20,3) ✓ | Weekly | 9.5% | 0.8 | -18.1% | 73.3% | 15 | -1.4% |
| 2 | Adaptive Supertrend ✓ | Weekly | 9.3% | 0.79 | -23.5% | 53.1% | 32 | -1.7% |
| 3 | EMA 20/50 Cross ✓ | Daily | 8.9% | 0.77 | -20.3% | 52.3% | 44 | -2.2% |
| 4 | Trendlines with Breaks ✓ | Daily | 9.0% | 0.77 | -20.9% | 61.0% | 41 | -2.1% |
| 5 | McGinley 10/30 Cross ✓ | Daily | 9.2% | 0.76 | -22.8% | 60.0% | 35 | -2.0% |
| 6 | Supertrend (10,3) ✓ | Weekly | 8.6% | 0.74 | -22.7% | 75.0% | 16 | -2.3% |
| 7 | McGinley 200 Trend ✓ | Daily | 10.9% | 0.73 | -34.2% | 35.3% | 17 | -0.2% |
| 8 | Relative Volatility Index ✓ | Weekly | 9.4% | 0.73 | -30.5% | 51.9% | 52 | -1.5% |
| 9 | Even Better Sinewave ✓ | Weekly | 8.8% | 0.73 | -36.7% | 70.0% | 20 | -2.1% |
| 10 | EMA 15/60 Cross ✓ | Daily | 8.2% | 0.72 | -22.3% | 52.1% | 48 | -2.9% |
| 11 | SMC: Fair Value Gap ✓ | Weekly | 8.1% | 0.72 | -28.4% | 57.1% | 49 | -2.8% |
| 12 | VWAP Trend ✓ | Weekly | 8.3% | 0.71 | -21.1% | 54.5% | 55 | -2.6% |
| 13 | VWMA vs Price ✓ | Weekly | 8.2% | 0.71 | -21.9% | 56.9% | 58 | -2.7% |
| 14 | Cascade Z-Score ✓ | Weekly | 7.1% | 0.71 | -19.3% | 63.9% | 36 | -3.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on S&P Equal Weight (RSP)
1 of 642 tested setups beat buy-and-hold on S&P Equal Weight (RSP) outright. Another 439 could get there with leverage they would survive — but 134 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Relative Volatility Index | 1 | none needed | 4.36× |
| Sine-Weighted MA | — | 2.08× | 5.69× |
| QQE | — | 1.28× | 3.03× |
| FRAMA 10/30 Cross | — | 1.3× | 5.76× |
| CCI Trend | — | 1.44× | 4.82× |
| Williams %R (21) | — | 1.45× | 4.2× |
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 S&P Equal Weight (RSP), Supertrend (20,3) 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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