The best indicator for S&P Equal Weight (RSP)
We backtested 366 indicators across daily, weekly and hourly charts on real S&P Equal Weight (RSP) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Supertrend (20,3)
On the weekly chart, this is the strongest risk-adjusted edge we found for S&P Equal Weight (RSP) over ~23.2 years — trailing buy-and-hold by 1.4% CAGR.
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 | 9.7% | 0.81 | -18.1% | 66.7% | 15 | -1.4% |
| 2 | EMA 20/50 Cross ✓ | Daily | 8.9% | 0.77 | -20.3% | 52.3% | 44 | -2.3% |
| 3 | McGinley 10/30 Cross ✓ | Daily | 9.2% | 0.76 | -22.8% | 60.0% | 35 | -2.0% |
| 4 | Supertrend (10,3) ✓ | Weekly | 8.8% | 0.76 | -22.7% | 68.8% | 16 | -2.2% |
| 5 | Adaptive Supertrend ✓ | Weekly | 8.9% | 0.75 | -30.4% | 53.1% | 32 | -2.2% |
| 6 | Relative Volatility Index ✓ | Weekly | 9.5% | 0.74 | -30.1% | 55.6% | 54 | -1.6% |
| 7 | McGinley 200 Trend ✓ | Daily | 11.0% | 0.73 | -34.2% | 35.3% | 17 | -0.2% |
| 8 | Even Better Sinewave ✓ | Weekly | 8.9% | 0.73 | -36.7% | 70.0% | 20 | -2.2% |
| 9 | Cascade Z-Score ✓ | Weekly | 7.5% | 0.73 | -19.3% | 61.8% | 34 | -3.6% |
| 10 | SMC: Fair Value Gap ✓ | Weekly | 8.2% | 0.72 | -28.7% | 56.2% | 48 | -2.9% |
| 11 | EMA 15/60 Cross ✓ | Daily | 8.2% | 0.71 | -22.3% | 52.1% | 48 | -3.0% |
| 12 | VWAP Trend ✓ | Weekly | 8.3% | 0.71 | -21.1% | 54.5% | 55 | -2.7% |
| 13 | VWMA vs Price ✓ | Weekly | 8.3% | 0.71 | -21.9% | 55.2% | 58 | -2.8% |
| 14 | Coral Trend ✓ | Weekly | 8.3% | 0.71 | -28.2% | 64.0% | 25 | -2.8% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
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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