The best indicator for Targa Resources (TRGP)
We backtested 382 indicators across daily, weekly and hourly charts on real Targa Resources (TRGP) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Targa Resources (TRGP) 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.
ROC (5)
On the weekly chart, this is the strongest risk-adjusted edge we found for Targa Resources (TRGP) over ~15.9 years — beating buy-and-hold by 10.1% CAGR.
Targa Resources (TRGP) 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 Targa Resources (TRGP) — beating buy-and-hold by 4.3% 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 | ROC (5) ✓ | Weekly | 31.0% | 1.11 | -36.0% | 50.7% | 71 | 10.1% |
| 2 | Triangular MA ✓ | Daily | 30.7% | 1.09 | -40.8% | 42.9% | 205 | 9.3% |
| 3 | McGinley 10/30 Cross ✓ | Daily | 37.7% | 1.08 | -63.3% | 30.0% | 20 | 16.2% |
| 4 | SMC: Change of Character ✓ | Daily | 30.1% | 1.08 | -50.3% | 42.5% | 40 | 8.6% |
| 5 | Predictive Ranges ✓ | Weekly | 30.6% | 1.08 | -42.3% | 61.3% | 31 | 9.6% |
| 6 | Ichimoku TK Cross ✓ | Daily | 30.6% | 1.07 | -43.8% | 46.4% | 84 | 9.2% |
| 7 | CCI Trend ✓ | Daily | 30.2% | 1.07 | -40.3% | 37.5% | 184 | 8.8% |
| 8 | Adaptive Supertrend ✓ | Weekly | 30.0% | 1.06 | -50.1% | 56.2% | 16 | 9.0% |
| 9 | Predictive Ranges ✓ | Daily | 28.7% | 1.05 | -51.9% | 38.3% | 141 | 7.3% |
| 10 | DPO (10) ✓ | Daily | 28.8% | 1.04 | -45.6% | 44.9% | 187 | 7.4% |
| 11 | Williams Alligator ✓ | Weekly | 23.0% | 1.04 | -26.3% | 58.3% | 36 | 2.1% |
| 12 | Sine-Weighted MA ✓ | Daily | 28.2% | 1.03 | -42.1% | 41.1% | 207 | 6.8% |
| 13 | T3 10/40 Cross ✓ | Daily | 28.2% | 1.03 | -40.7% | 48.8% | 43 | 6.8% |
| 14 | Balance of Power ✓ | Daily | 29.0% | 1.02 | -65.1% | 47.1% | 238 | 7.5% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Targa Resources (TRGP)
0 of 555 tested setups beat buy-and-hold on Targa Resources (TRGP) outright. Another 299 could get there with leverage they would survive — but 247 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| Sine-Weighted MA | — | 2.27× | 2.44× |
| QQE | — | 1.09× | 3.05× |
| Predictive Ranges | — | 1.38× | 3.12× |
| Chaikin Money Flow | — | 1.48× | 3.28× |
| Random Walk Index | — | 1.49× | 3.07× |
| Random Walk Index | — | 1.49× | 3.07× |
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 Targa Resources (TRGP), ROC (5) on the weekly 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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