The best indicator for Targa Resources (TRGP)
We backtested 366 indicators across daily, weekly and hourly charts on real Targa Resources (TRGP) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Predictive Ranges
On the weekly chart, this is the strongest risk-adjusted edge we found for Targa Resources (TRGP) over ~15.6 years — beating buy-and-hold by 12.1% CAGR.
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 | Predictive Ranges ✓ | Weekly | 33.3% | 1.16 | -39.2% | 53.8% | 26 | 12.1% |
| 2 | ROC (5) ✓ | Weekly | 32.4% | 1.14 | -36.2% | 53.6% | 69 | 11.2% |
| 3 | Triangular MA ✓ | Daily | 32.1% | 1.13 | -40.8% | 43.2% | 199 | 10.5% |
| 4 | SMC: Fair Value Gap ✓ | Weekly | 33.7% | 1.12 | -34.0% | 65.4% | 26 | 12.5% |
| 5 | Ichimoku TK Cross ✓ | Daily | 31.8% | 1.1 | -43.8% | 47.6% | 82 | 10.2% |
| 6 | CCI Trend ✓ | Daily | 31.4% | 1.1 | -40.3% | 37.8% | 180 | 9.8% |
| 7 | McGinley 10/30 Cross ✓ | Daily | 38.2% | 1.09 | -63.3% | 30.0% | 20 | 16.6% |
| 8 | Predictive Ranges ✓ | Daily | 30.2% | 1.09 | -51.9% | 39.0% | 136 | 8.6% |
| 9 | SMC: Change of Character ✓ | Daily | 30.4% | 1.09 | -50.3% | 42.5% | 40 | 8.8% |
| 10 | DPO (10) ✓ | Daily | 30.0% | 1.07 | -45.6% | 45.3% | 181 | 8.4% |
| 11 | T3 10/40 Cross ✓ | Daily | 29.8% | 1.07 | -40.7% | 51.2% | 41 | 8.2% |
| 12 | Sine-Weighted MA ✓ | Daily | 29.4% | 1.06 | -42.1% | 41.6% | 202 | 7.8% |
| 13 | Adaptive Supertrend ✓ | Weekly | 30.2% | 1.06 | -51.3% | 56.2% | 16 | 9.1% |
| 14 | Bollinger %B ✓ | Daily | 29.3% | 1.05 | -40.3% | 41.7% | 218 | 7.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Targa Resources (TRGP), Predictive Ranges 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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