The best indicator for Chevron Corporation (CVX)
We backtested 20 indicators across daily, weekly and hourly charts on real Chevron Corporation (CVX) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
WaveTrend (8/6/4)
On the daily chart, this is the strongest risk-adjusted edge we found for Chevron Corporation (CVX) over ~64.3 years — trailing buy-and-hold by 0.8% 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 | WaveTrend (8/6/4) ✓ | Daily | 9.7% | 0.6 | -53.4% | 75.0% | 264 | -0.8% |
| 2 | CCI ✓ | Daily | 7.2% | 0.5 | -53.1% | 76.9% | 324 | -3.3% |
| 3 | EMA 50/200 Cross ✓ | Daily | 7.2% | 0.46 | -61.9% | 45.0% | 40 | -3.3% |
| 4 | SMA 50/200 Cross ✓ | Daily | 7.1% | 0.46 | -56.7% | 52.2% | 46 | -3.4% |
| 5 | Stochastic ✓ | Daily | 6.1% | 0.44 | -45.1% | 72.4% | 341 | -4.4% |
| 6 | Williams %R ✓ | Daily | 6.0% | 0.43 | -55.8% | 69.7% | 435 | -4.5% |
| 7 | Bollinger Mean-Reversion ✓ | Weekly | 4.1% | 0.39 | -45.5% | 73.5% | 49 | -6.4% |
| 8 | Williams %R ✓ | Weekly | 5.2% | 0.39 | -45.5% | 72.1% | 86 | -5.3% |
| 9 | EMA 20/50 Cross ✓ | Weekly | 5.7% | 0.38 | -69.3% | 46.4% | 28 | -4.8% |
| 10 | Money Flow Index ✓ | Daily | 4.9% | 0.37 | -55.6% | 82.5% | 57 | -5.6% |
| 11 | Holy Grail Confluence ✓ | Daily | 4.1% | 0.34 | -51.0% | 82.0% | 89 | -6.4% |
| 12 | Bollinger Mean-Reversion ✓ | Daily | 3.8% | 0.33 | -50.4% | 71.2% | 250 | -6.7% |
| 13 | Stochastic ✓ | Weekly | 3.7% | 0.33 | -45.8% | 73.1% | 52 | -6.8% |
| 14 | RSI Mean-Reversion ✓ | Daily | 3.1% | 0.32 | -52.0% | 83.5% | 91 | -7.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Chevron Corporation (CVX), WaveTrend (8/6/4) on the daily 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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